<ARTICLE> 9 <CIK> 0000313337 <NAME> TRI CITY BANKSHARES CORPORATION <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 39,108 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 5,600 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 2,964 <INVESTMENTS-CARRYING> 123,396 <INVESTMENTS-MARKET> 124,142 <LOANS> 267,399 <ALLOWANCE> 3,500 <TOTAL-ASSETS> 459,634 <DEPOSITS> 398,943 <SHORT-TERM> 5,711 <LIABILITIES-OTHER> 1,482 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,503 <OTHER-SE> 0 <TOTAL-LIABILITIES-AND-EQUITY> 459,634 <INTEREST-LOAN> 24,674 <INTEREST-INVEST> 7,095 <INTEREST-OTHER> 340 <INTEREST-TOTAL> 32,109 <INTEREST-DEPOSIT> 10,292 <INTEREST-EXPENSE> 10,657 <INTEREST-INCOME-NET> 21,452 <LOAN-LOSSES> 600 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 18,364 <INCOME-PRETAX> 8,910 <INCOME-PRE-EXTRAORDINARY> 6,492 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,492 <EPS-PRIMARY> 2.600 <EPS-DILUTED> 2.600 <YIELD-ACTUAL> 5.634 <LOANS-NON> 0 <LOANS-PAST> 694 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 3,010 <CHARGE-OFFS> 154 <RECOVERIES> 44 <ALLOWANCE-CLOSE> 3,500 <ALLOWANCE-DOMESTIC> 3,500 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0