<TABLE> <S> <C>


<ARTICLE>                     9
<LEGEND>
     The schedule  contains  summary  financial  information  extracted from the
     quarterly report on Form 10QSB for quarter ended March 31, 1998
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              JUN-30-1997
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   MAR-31-1998
<CASH>                                         439,710
<INT-BEARING-DEPOSITS>                         2,138,513
<FED-FUNDS-SOLD>                               0
<TRADING-ASSETS>                               0
<INVESTMENTS-HELD-FOR-SALE>                    5,090,373
<INVESTMENTS-CARRYING>                         9,334,643
<INVESTMENTS-MARKET>                           9,382,701
<LOANS>                                        24,005,615
<ALLOWANCE>                                    283,596
<TOTAL-ASSETS>                                 42,243,571
<DEPOSITS>                                     29,532,491
<SHORT-TERM>                                   5,985,000
<LIABILITIES-OTHER>                            282,961    
<LONG-TERM>                                    2,600,000  
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0          
<COMMON>                                       1,958
<OTHER-SE>                                     3,841,161   
<TOTAL-LIABILITIES-AND-EQUITY>                 42,243,571  
<INTEREST-LOAN>                                537,253     
<INTEREST-INVEST>                              238,052     
<INTEREST-OTHER>                               15,492      
<INTEREST-TOTAL>                               790,797     
<INTEREST-DEPOSIT>                             385,318     
<INTEREST-EXPENSE>                             129,475     
<INTEREST-INCOME-NET>                          276,004     
<LOAN-LOSSES>                                  10,500      
<SECURITIES-GAINS>                             10,283      
<EXPENSE-OTHER>                                401,296     
<INCOME-PRETAX>                                (69,357)    
<INCOME-PRE-EXTRAORDINARY>                     (69,357)    
<EXTRAORDINARY>                                0           
<CHANGES>                                      0           
<NET-INCOME>                                   (45,943)    
<EPS-PRIMARY>                                  (.25)       
<EPS-DILUTED>                                  (.24)       
<YIELD-ACTUAL>                                 .67         
<LOANS-NON>                                    335,123     
<LOANS-PAST>                                   0           
<LOANS-TROUBLED>                               0           
<LOANS-PROBLEM>                                0           
<ALLOWANCE-OPEN>                               283,653     
<CHARGE-OFFS>                                  10,557      
<RECOVERIES>                                   0           
<ALLOWANCE-CLOSE>                              283,596     
<ALLOWANCE-DOMESTIC>                           283,596     
<ALLOWANCE-FOREIGN>                            0    
<ALLOWANCE-UNALLOCATED>                        265,641    
                                               


</TABLE>