<ARTICLE>                                            9
<MULTIPLIER>                                         1
       
                                            
<PERIOD-TYPE>                                     YEAR
<FISCAL-YEAR-END>                          SEP-30-1997 
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               SEP-30-1997
<CASH>                                         500,455
<INT-BEARING-DEPOSITS>                       1,590,529
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 92,614,488
<INVESTMENTS-CARRYING>                      29,714,953
<INVESTMENTS-MARKET>                        29,394,100
<LOANS>                                     97,244,031
<ALLOWANCE>                                   (332,000)
<TOTAL-ASSETS>                             231,109,220
<DEPOSITS>                                 125,741,001
<SHORT-TERM>                                18,500,000
<LIABILITIES-OTHER>                          2,202,115
<LONG-TERM>                                 38,000,000
<PREFERRED-MANDATORY>                           39,675
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  45,899,288
<TOTAL-LIABILITIES-AND-EQUITY>             231,109,220
<INTEREST-LOAN>                              7,641,587
<INTEREST-INVEST>                            8,852,278
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                            16,493,865
<INTEREST-DEPOSIT>                           6,176,720
<INTEREST-EXPENSE>                           9,822,725
<INTEREST-INCOME-NET>                        6,671,140
<LOAN-LOSSES>                                   36,618
<SECURITIES-GAINS>                             139,718
<EXPENSE-OTHER>                              4,816,351
<INCOME-PRETAX>                              2,085,246
<INCOME-PRE-EXTRAORDINARY>                   1,745,447
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,745,447
<EPS-PRIMARY>                                      .53
<EPS-DILUTED>                                      .53
<YIELD-ACTUAL>                                    2.98
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<LOANS-PAST>                                         0
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<CHARGE-OFFS>                                   49,618
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                              332,000
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<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0