First Allen Parish Bancorp, Inc.
222 South 10th Street
Oakdale, Louisiana 71463
August 10, 1999
Securities and Exchange Commission
450 5th Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
re: First Allen Parish Bancorp, Inc.
<File no. 0-21165>; Form 10-QSB
Dear Sir or Madam,
Pursuant to regulations of the Securities and Exchange
Commission, submitted herewith for filing on behalf of First
Allen Parish Bancorp, Inc. (the Corporation) is the Corporation's
quarterly report on Form 10-QSB for the quarter June 30, 1999.
Very truly yours,
/s/Charles L. Galligan
-------------------------------------
President and Chief Executive Officer
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30,
1999, CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF INCOME FOR THE
SIX MONTHS ENDED JUNE 30, 1999, AND IS QUALIFIED IN ITS ENTIRELY BY REFERENCE TO
SUCH STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<CASH> 279,790
<INT-BEARING-DEPOSITS> 2,063,695
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 7,066,812
<INVESTMENTS-CARRYING> 8,994,541
<INVESTMENTS-MARKET> 8,919,368
<LOANS> 17,163,082
<ALLOWANCE> 317,846
<TOTAL-ASSETS> 37,086,135
<DEPOSITS> 30,178,675
<SHORT-TERM> 0
<LIABILITIES-OTHER> 2,316,151
<LONG-TERM> 0
0
0
<COMMON> 2,687
<OTHER-SE> 226,603
<TOTAL-LIABILITIES-AND-EQUITY> 37,086,135
<INTEREST-LOAN> 370,500
<INTEREST-INVEST> 234,520
<INTEREST-OTHER> 19,180
<INTEREST-TOTAL> 624,200
<INTEREST-DEPOSIT> 304,673
<INTEREST-EXPENSE> 6,646
<INTEREST-INCOME-NET> 311,319
<LOAN-LOSSES> 6,000
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 316,041
<INCOME-PRETAX> 108,115
<INCOME-PRE-EXTRAORDINARY> 108,115
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 71,133
<EPS-BASIC> .30
<EPS-DILUTED> .30
<YIELD-ACTUAL> 7.645
<LOANS-NON> 186,586
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 109,632
<ALLOWANCE-OPEN> 310,954
<CHARGE-OFFS> 6,892
<RECOVERIES> 0
<ALLOWANCE-CLOSE> 317,846
<ALLOWANCE-DOMESTIC> 21,085
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 296,761
</TABLE>
