<ARTICLE> 9 <CIK> 0000353650 <NAME> BWC FINANCIAL CORP <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 12850000 <INT-BEARING-DEPOSITS> 151580000 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 35976000 <INVESTMENTS-CARRYING> 9018000 <INVESTMENTS-MARKET> 9074000 <LOANS> 163831000 <ALLOWANCE> 3241000 <TOTAL-ASSETS> 230125000 <DEPOSITS> 207234000 <SHORT-TERM> 0 <LIABILITIES-OTHER> 2446000 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 18609000 <OTHER-SE> 1836000 <TOTAL-LIABILITIES-AND-EQUITY> 230125000 <INTEREST-LOAN> 4367000 <INTEREST-INVEST> 588000 <INTEREST-OTHER> 114000 <INTEREST-TOTAL> 5069000 <INTEREST-DEPOSIT> 1580000 <INTEREST-EXPENSE> 1581000 <INTEREST-INCOME-NET> 3488000 <LOAN-LOSSES> 150000 <SECURITIES-GAINS> 27000 <EXPENSE-OTHER> 2271000 <INCOME-PRETAX> 1533000 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 966000 <EPS-PRIMARY> .78 <EPS-DILUTED> .67 <YIELD-ACTUAL> 6.81 <LOANS-NON> 484000 <LOANS-PAST> 3000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 1135000 <ALLOWANCE-OPEN> 2936000 <CHARGE-OFFS> 24000 <RECOVERIES> 189000 <ALLOWANCE-CLOSE> 3251000 <ALLOWANCE-DOMESTIC> 1744000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1507000