<TABLE> <S> <C>


<ARTICLE>                     9
<LEGEND>
The schedule  contains summary financial  information  extracted from the annual
report on Form  10-KSB  for the  fiscal  year ended  September  30,  1998 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>

       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                                SEP-30-1998
<PERIOD-END>                                     SEP-30-1998
<CASH>                                               474,406
<INT-BEARING-DEPOSITS>                               439,174
<FED-FUNDS-SOLD>                                           0
<TRADING-ASSETS>                                           0
<INVESTMENTS-HELD-FOR-SALE>                        3,418,311
<INVESTMENTS-CARRYING>                            22,274,238
<INVESTMENTS-MARKET>                              22,407,843
<LOANS>                                           94,340,003
<ALLOWANCE>                                          655,745
<TOTAL-ASSETS>                                   124,336,594
<DEPOSITS>                                        80,573,077
<SHORT-TERM>                                       8,600,000
<LIABILITIES-OTHER>                                1,564,476
<LONG-TERM>                                       21,500,000
<PREFERRED-MANDATORY>                                 14,984
<PREFERRED>                                                0
<COMMON>                                                   0
<OTHER-SE>                                        12,084,057
<TOTAL-LIABILITIES-AND-EQUITY>                   124,336,594
<INTEREST-LOAN>                                    7,032,289
<INTEREST-INVEST>                                  1,816,344
<INTEREST-OTHER>                                     226,914
<INTEREST-TOTAL>                                   9,075,547
<INTEREST-DEPOSIT>                                 4,010,717
<INTEREST-EXPENSE>                                 5,556,444
<INTEREST-INCOME-NET>                              3,519,103
<LOAN-LOSSES>                                              0
<SECURITIES-GAINS>                                         0
<EXPENSE-OTHER>                                    2,160,670
<INCOME-PRETAX>                                    1,550,507
<INCOME-PRE-EXTRAORDINARY>                           901,420
<EXTRAORDINARY>                                            0
<CHANGES>                                                  0
<NET-INCOME>                                         901,420
<EPS-PRIMARY>                                            .98
<EPS-DILUTED>                                            .92
<YIELD-ACTUAL>                                          7.72
<LOANS-NON>                                          335,554
<LOANS-PAST>                                         918,185
<LOANS-TROUBLED>                                           0
<LOANS-PROBLEM>                                            0
<ALLOWANCE-OPEN>                                     668,185
<CHARGE-OFFS>                                         12,440
<RECOVERIES>                                               0
<ALLOWANCE-CLOSE>                                    655,745
<ALLOWANCE-DOMESTIC>                                       0
<ALLOWANCE-FOREIGN>                                        0
<ALLOWANCE-UNALLOCATED>                              655,745
                                               


</TABLE>