<ARTICLE> 9 <CIK> 0000353650 <NAME> BWC FINANCIAL CORP <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 14486000 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 9526000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 60314000 <INVESTMENTS-CARRYING> 14007000 <INVESTMENTS-MARKET> 14239000 <LOANS> 162050000 <ALLOWANCE> 3713000 <TOTAL-ASSETS> 263184000 <DEPOSITS> 236654000 <SHORT-TERM> 0 <LIABILITIES-OTHER> 3005000 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19018000 <OTHER-SE> 4507000 <TOTAL-LIABILITIES-AND-EQUITY> 263184000 <INTEREST-LOAN> 13411000 <INTEREST-INVEST> 2213000 <INTEREST-OTHER> 566000 <INTEREST-TOTAL> 16190000 <INTEREST-DEPOSIT> 5107000 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 11083000 <LOAN-LOSSES> 600000 <SECURITIES-GAINS> 34000 <EXPENSE-OTHER> 7104000 <INCOME-PRETAX> 5013000 <INCOME-PRE-EXTRAORDINARY> 5013000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3054000 <EPS-PRIMARY> 1.23 <EPS-DILUTED> 1.05 <YIELD-ACTUAL> 6.59 <LOANS-NON> 31000 <LOANS-PAST> 2000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 490000 <ALLOWANCE-OPEN> 2936000 <CHARGE-OFFS> 81000 <RECOVERIES> 258000 <ALLOWANCE-CLOSE> 3713000 <ALLOWANCE-DOMESTIC> 1816000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1897000