<TABLE> <S> <C>


<ARTICLE>                                            9
<MULTIPLIER>                                   1      
       
<S>                                            <C>
<PERIOD-TYPE>                                  3-MOS
<FISCAL-YEAR-END>                              JUL-31-1998
<PERIOD-END>                                   OCT-31-1997
<CASH>                                           6,482,274
<INT-BEARING-DEPOSITS>                                   0
<FED-FUNDS-SOLD>                                         0
<TRADING-ASSETS>                                         0
<INVESTMENTS-HELD-FOR-SALE>                    109,118,930
<INVESTMENTS-CARRYING>                         147,573,035
<INVESTMENTS-MARKET>                           145,015,549
<LOANS>                                        237,053,867
<ALLOWANCE>                                      3,539,703
<TOTAL-ASSETS>                                 517,974,836
<DEPOSITS>                                     369,056,018
<SHORT-TERM>                                    85,782,375
<LIABILITIES-OTHER>                              7,776,975
<LONG-TERM>                                              0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                         6,441,504
<OTHER-SE>                                      48,917,964
<TOTAL-LIABILITIES-AND-EQUITY>                 517,974,836
<INTEREST-LOAN>                                  5,183,596
<INTEREST-INVEST>                                3,786,920
<INTEREST-OTHER>                                         0
<INTEREST-TOTAL>                                 8,970,516
<INTEREST-DEPOSIT>                               3,568,271
<INTEREST-EXPENSE>                               4,636,411
<INTEREST-INCOME-NET>                            4,334,105
<LOAN-LOSSES>                                      300,518
<SECURITIES-GAINS>                                 (13,056)
<EXPENSE-OTHER>                                  2,822,937
<INCOME-PRETAX>                                  1,955,915
<INCOME-PRE-EXTRAORDINARY>                       1,955,915
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                     1,266,315
<EPS-PRIMARY>                                          .26
<EPS-DILUTED>                                          .26
<YIELD-ACTUAL>                                        3.06
<LOANS-NON>                                      4,146,671
<LOANS-PAST>                                     4,146,671
<LOANS-TROUBLED>                                         0
<LOANS-PROBLEM>                                          0
<ALLOWANCE-OPEN>                                 3,411,462
<CHARGE-OFFS>                                      183,031
<RECOVERIES>                                        10,754
<ALLOWANCE-CLOSE>                                3,539,703
<ALLOWANCE-DOMESTIC>                             3,539,703
<ALLOWANCE-FOREIGN>                                      0
<ALLOWANCE-UNALLOCATED>                                  0
        


</TABLE>