10QSB/A

UNITED STATES SECURITIES AND 


EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 10- QSB



[x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE    
 

       SECURITIES EXCHANGE ACT OF 1934

        For the quarterly period ended       March 31, 1995 
                                  

     OR

 [  ]  TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE 
    

        SECURITIES EXCHANGE ACT OF 1934

            For the transition period from _______ to _________ 
       

            Commission file number                 0-12510      
     

                   MARATHON BANCORP   

         (Exact name of registrant as specified in its charter)

          California                             95-3770539  

 (State or other jurisdiction of incorporation) 
 (I.R.S.Employer Identification No.)

 11444  West Olympic Boulevard, Los Angeles, California  90064 

    (Address of principal executive offices)                    
             (Zip Code) 

   Registrant's telephone number, including area code:    (310) 
  996-9100                                                     

      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    
     



      As of March 1, 1995, there were 1,248,764 shares of no par
Common Stock issued and outstanding.





























PART II. OTHER INFORMATION





Item 1.  Legal Proceedings



	 None.





Item 2.  Changes in Securities



	 None.





Item 3.  Defaults Upon Senior Securities



	 None.





Item 4.  Submission of Matters to a Vote of Security Holders



	 None   



Item 5.  Other Information



	 None.





Item 6.  Exhibits and Reports on Form 8-K



	 Exhibit 27







































						       SIGNATURES





Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.















MARATHON BANCORP                    











Date:     June 24, 1995       

                                                                
                  C. Thomas  Mallos

                                                                
         Director and Chief Financial Officer

EX-27

 

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FROM 10-QSB AND IS QUALIFIED IN TIS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS

<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               MAR-31-1995
<CASH>                                         3541700
<INT-BEARING-DEPOSITS>                         1179000
<FED-FUNDS-SOLD>                               4500000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    2994400
<INVESTMENTS-CARRYING>                        13942200
<INVESTMENTS-MARKET>                                 0
<LOANS>                                       55440900
<ALLOWANCE>                                     919800
<TOTAL-ASSETS>                                89078300
<DEPOSITS>                                    83202200
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                             386600
<LONG-TERM>                                          0
<COMMON>                                       8080000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   (2692800)
<TOTAL-LIABILITIES-AND-EQUITY>                89078300
<INTEREST-LOAN>                                1289200
<INTEREST-INVEST>                               324100
<INTEREST-OTHER>                                 28100
<INTEREST-TOTAL>                               1641400
<INTEREST-DEPOSIT>                              363700
<INTEREST-EXPENSE>                                9500
<INTEREST-INCOME-NET>                          1268200
<LOAN-LOSSES>                                    90000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                1237800
<INCOME-PRETAX>                                  12100
<INCOME-PRE-EXTRAORDINARY>                       12100
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     12100
<EPS-PRIMARY>                                     0.01
<EPS-DILUTED>                                     0.01
<YIELD-ACTUAL>                                    6.40
<LOANS-NON>                                    1980000
<LOANS-PAST>                                    836000
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                796500
<CHARGE-OFFS>                                    31500
<RECOVERIES>                                     64700
<ALLOWANCE-CLOSE>                               919800
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0