<TABLE> <S> <C>

<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM SCOTLAND BANCORP,
INC. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1998             SEP-30-1997
<PERIOD-START>                             OCT-01-1997             OCT-01-1996
<PERIOD-END>                               DEC-31-1997             DEC-31-1996
<CASH>                                           1,008                     683
<INT-BEARING-DEPOSITS>                           2,077                   1,860
<FED-FUNDS-SOLD>                                 4,000                   1,050
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                      7,139                  13,952
<INVESTMENTS-CARRYING>                           1,482                   3,077
<INVESTMENTS-MARKET>                             1,540                   3,144
<LOANS>                                         44,492                  46,074
<ALLOWANCE>                                        255                     231
<TOTAL-ASSETS>                                  61,473                  68,067
<DEPOSITS>                                      45,636                  41,789
<SHORT-TERM>                                         0                       0
<LIABILITIES-OTHER>                              1,042                   1,182
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                      14,795                  25,096
<TOTAL-LIABILITIES-AND-EQUITY>                  61,473                  68,067
<INTEREST-LOAN>                                    966                     962
<INTEREST-INVEST>                                   76                     239
<INTEREST-OTHER>                                   130                      84
<INTEREST-TOTAL>                                 1,172                   1,285
<INTEREST-DEPOSIT>                                 551                     489
<INTEREST-EXPENSE>                                 553                     490
<INTEREST-INCOME-NET>                              619                     795
<LOAN-LOSSES>                                        6                       6
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                                    382                     333
<INCOME-PRETAX>                                    252                     479
<INCOME-PRE-EXTRAORDINARY>                         252                     479
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                       158                     302
<EPS-PRIMARY>                                     0.09                    0.18
<EPS-DILUTED>                                     0.09                    0.18
<YIELD-ACTUAL>                                    7.81                    7.52
<LOANS-NON>                                          0                      31
<LOANS-PAST>                                         0                       0
<LOANS-TROUBLED>                                     0                       0
<LOANS-PROBLEM>                                     29                      31
<ALLOWANCE-OPEN>                                   249                     225
<CHARGE-OFFS>                                        0                       0
<RECOVERIES>                                         0                       0
<ALLOWANCE-CLOSE>                                  255                     231
<ALLOWANCE-DOMESTIC>                               255                     231
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                              0                       0
        

</TABLE>