UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE PERIOD ENDED
DECEMBER 31, 1996
File Commission No. 0-27304
Charter Financial, Inc.
(Exact name of registrant as specified in its charter)
Illinois
(State or other jurisdiction of incorporation or organization)
37-1345386
(I.R.S. Employer Identification No.)
114 West Broadway
Sparta, Illinois 62286
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code:
(618) 443-2166
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the Registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes / X / No / /
Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable
date: There were 4,253,459 shares of the Bank's common stock
outstanding as of February 6, 1997.
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 9
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> DEC-31-1996
<CASH> 2059
<INT-BEARING-DEPOSITS> 11384
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 68324
<INVESTMENTS-CARRYING> 7730
<INVESTMENTS-MARKET> 7772
<LOANS> 274554
<ALLOWANCE> 2252
<TOTAL-ASSETS> 380051
<DEPOSITS> 258074
<SHORT-TERM> 52471
<LIABILITIES-OTHER> 4259
<LONG-TERM> 7386
<COMMON> 425
0
0
<OTHER-SE> 57436
<TOTAL-LIABILITIES-AND-EQUITY> 380051
<INTEREST-LOAN> 5693
<INTEREST-INVEST> 1405
<INTEREST-OTHER> 58
<INTEREST-TOTAL> 7156
<INTEREST-DEPOSIT> 2954
<INTEREST-EXPENSE> 3880
<INTEREST-INCOME-NET> 3277
<LOAN-LOSSES> 111
<SECURITIES-GAINS> 56
<EXPENSE-OTHER> 1850
<INCOME-PRETAX> 1932
<INCOME-PRE-EXTRAORDINARY> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1160
<EPS-PRIMARY> .29
<EPS-DILUTED> .29
<YIELD-ACTUAL> 8.02
<LOANS-NON> 1474
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 2419
<CHARGE-OFFS> 305
<RECOVERIES> 27
<ALLOWANCE-CLOSE> 2252
<ALLOWANCE-DOMESTIC> 395
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 1857
</TABLE>
