<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUL-31-1997 <PERIOD-END> JAN-31-1997 <CASH> 3,514 <INT-BEARING-DEPOSITS> 909 <FED-FUNDS-SOLD> 91 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 36,788 <INVESTMENTS-CARRYING> 129,774 <INVESTMENTS-MARKET> 128,794 <LOANS> 307,151 <ALLOWANCE> 4,261 <TOTAL-ASSETS> 492,506 <DEPOSITS> 321,725 <SHORT-TERM> 85,303 <LIABILITIES-OTHER> 6,804 <LONG-TERM> 34,318 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 40 <OTHER-SE> 44,316 <TOTAL-LIABILITIES-AND-EQUITY> 492,506 <INTEREST-LOAN> 12,562 <INTEREST-INVEST> 5,405 <INTEREST-OTHER> 374 <INTEREST-TOTAL> 18,341 <INTEREST-DEPOSIT> 7,695 <INTEREST-EXPENSE> 10,961 <INTEREST-INCOME-NET> 7,380 <LOAN-LOSSES> 420 <SECURITIES-GAINS> (64) <EXPENSE-OTHER> 7,265 <INCOME-PRETAX> 129 <INCOME-PRE-EXTRAORDINARY> 129 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 85 <EPS-PRIMARY> 0.02 <EPS-DILUTED> 0.02 <YIELD-ACTUAL> 3.12 <LOANS-NON> 1,860 <LOANS-PAST> 301 <LOANS-TROUBLED> 938 <LOANS-PROBLEM> 6,428 <ALLOWANCE-OPEN> 4,412 <CHARGE-OFFS> 843 <RECOVERIES> 260 <ALLOWANCE-CLOSE> 4,261 <ALLOWANCE-DOMESTIC> 4,261 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 2,151