<ARTICLE> 9 <CIK> 0000353650 <NAME> BWC FINANCIAL CORP <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 14060000 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 12350000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 41550000 <INVESTMENTS-CARRYING> 10417000 <INVESTMENTS-MARKET> 10474000 <LOANS> 167333000 <ALLOWANCE> 3460000 <TOTAL-ASSETS> 252542000 <DEPOSITS> 228741000 <SHORT-TERM> 0 <LIABILITIES-OTHER> 2080000 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 18792000 <OTHER-SE> 2929000 <TOTAL-LIABILITIES-AND-EQUITY> 252542000 <INTEREST-LOAN> 8820000 <INTEREST-INVEST> 10122 <INTEREST-OTHER> 274000 <INTEREST-TOTAL> 10405000 <INTEREST-DEPOSIT> 3260000 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 7145000 <LOAN-LOSSES> 375000 <SECURITIES-GAINS> 31000 <EXPENSE-OTHER> 4672000 <INCOME-PRETAX> 3162000 <INCOME-PRE-EXTRAORDINARY> 3162000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1940000 <EPS-PRIMARY> 0.78 <EPS-DILUTED> 0.67 <YIELD-ACTUAL> 6.69 <LOANS-NON> 477000 <LOANS-PAST> 1000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 939000 <ALLOWANCE-OPEN> 2936000 <CHARGE-OFFS> 53000 <RECOVERIES> 201000 <ALLOWANCE-CLOSE> 3460000 <ALLOWANCE-DOMESTIC> 1880000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1580000