<ARTICLE> 9 <CIK> 0000701347 <NAME> CPB INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 49,449 <INT-BEARING-DEPOSITS> 19,881 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 279 <INVESTMENTS-HELD-FOR-SALE> 183,759 <INVESTMENTS-CARRYING> 145,093 <INVESTMENTS-MARKET> 146,093 <LOANS> 1,075,770 <ALLOWANCE> 19,168 <TOTAL-ASSETS> 1,521,548 <DEPOSITS> 1,205,818 <SHORT-TERM> 4,743 <LIABILITIES-OTHER> 17,686 <LONG-TERM> 136,498 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,004 <OTHER-SE> 149,761 <TOTAL-LIABILITIES-AND-EQUITY> 1,521,548 <INTEREST-LOAN> 45,213 <INTEREST-INVEST> 10,304 <INTEREST-OTHER> 651 <INTEREST-TOTAL> 56,168 <INTEREST-DEPOSIT> 19,314 <INTEREST-EXPENSE> 23,608 <INTEREST-INCOME-NET> 32,560 <LOAN-LOSSES> 2,100 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 25,223 <INCOME-PRETAX> 11,245 <INCOME-PRE-EXTRAORDINARY> 7,403 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,403 <EPS-PRIMARY> 0.70 <EPS-DILUTED> 0.69 <YIELD-ACTUAL> 4.64 <LOANS-NON> 19,653 <LOANS-PAST> 6,753 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 19,164 <CHARGE-OFFS> 2,230 <RECOVERIES> 134 <ALLOWANCE-CLOSE> 19,168 <ALLOWANCE-DOMESTIC> 13,471 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 5,697