<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
     THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL  INFORMATION  DERIVED FROM THE
QUARTERLY  REPORT ON FORM 10-Q AND IS  QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL INFORMATION.
</LEGEND>

<MULTIPLIER>                                   1
       
<S>                                            <C>
<PERIOD-TYPE>                                  6-MOS
<FISCAL-YEAR-END>                              JUL-31-1999
<PERIOD-END>                                   JAN-31-1999
<CASH>                                         11,512,818
<INT-BEARING-DEPOSITS>                                  0
<FED-FUNDS-SOLD>                                        0
<TRADING-ASSETS>                                        0
<INVESTMENTS-HELD-FOR-SALE>                    16,280,884
<INVESTMENTS-CARRYING>                        215,100,057
<INVESTMENTS-MARKET>                          215,774,140
<LOANS>                                       292,048,255
<ALLOWANCE>                                     4,827,992
<TOTAL-ASSETS>                                573,178,071
<DEPOSITS>                                    462,133,852
<SHORT-TERM>                                   56,506,584
<LIABILITIES-OTHER>                             4,966,260
<LONG-TERM>                                             0
<PREFERRED-MANDATORY>                                   0
<PREFERRED>                                             0
<COMMON>                                       12,883,008
<OTHER-SE>                                     36,688,367
<TOTAL-LIABILITIES-AND-EQUITY>                573,178,071
<INTEREST-LOAN>                                12,334,517
<INTEREST-INVEST>                               7,733,571
<INTEREST-OTHER>                                        0
<INTEREST-TOTAL>                               20,068,088
<INTEREST-DEPOSIT>                              8,571,965
<INTEREST-EXPENSE>                             10,492,439
<INTEREST-INCOME-NET>                           9,575,649
<LOAN-LOSSES>                                     450,000
<SECURITIES-GAINS>                             (4,295,451)
<EXPENSE-OTHER>                                 7,113,072
<INCOME-PRETAX>                                  (767,504)
<INCOME-PRE-EXTRAORDINARY>                       (755,558)
<EXTRAORDINARY>                                         0
<CHANGES>                                               0
<NET-INCOME>                                     (755,558)
<EPS-PRIMARY>                                        (.18)
<EPS-DILUTED>                                        (.17)
<YIELD-ACTUAL>                                       3.26
<LOANS-NON>                                     3,526,000
<LOANS-PAST>                                            0
<LOANS-TROUBLED>                                        0
<LOANS-PROBLEM>                                         0
<ALLOWANCE-OPEN>                                4,477,623
<CHARGE-OFFS>                                     160,126
<RECOVERIES>                                       60,495
<ALLOWANCE-CLOSE>                               4,827,992
<ALLOWANCE-DOMESTIC>                            4,827,992
<ALLOWANCE-FOREIGN>                                     0
<ALLOWANCE-UNALLOCATED>                                 0
        


</TABLE>