<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Statement of Financial Condition at March 31, 1997 and the
Consolidated Statement of Operations for the 3 months ended March 31, 1997
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                          38,872
<INT-BEARING-DEPOSITS>                       1,115,257
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    435,600
<INVESTMENTS-CARRYING>                         284,724
<INVESTMENTS-MARKET>                           278,467
<LOANS>                                        929,927
<ALLOWANCE>                                     11,450
<TOTAL-ASSETS>                               1,727,798
<DEPOSITS>                                   1,163,530
<SHORT-TERM>                                   319,477
<LIABILITIES-OTHER>                             54,572
<LONG-TERM>                                     90,065
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            50
<OTHER-SE>                                     100,104
<TOTAL-LIABILITIES-AND-EQUITY>               1,727,798
<INTEREST-LOAN>                                 17,396
<INTEREST-INVEST>                               11,401
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                                28,797
<INTEREST-DEPOSIT>                              11,313
<INTEREST-EXPENSE>                              16,372
<INTEREST-INCOME-NET>                           12,425
<LOAN-LOSSES>                                      700
<SECURITIES-GAINS>                                (24)
<EXPENSE-OTHER>                                  9,069
<INCOME-PRETAX>                                  4,983
<INCOME-PRE-EXTRAORDINARY>                       4,983
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,305
<EPS-PRIMARY>                                     0.74
<EPS-DILUTED>                                     0.74
<YIELD-ACTUAL>                                    7.44
<LOANS-NON>                                     10,407
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                 2,033
<LOANS-PROBLEM>                                 29,845
<ALLOWANCE-OPEN>                                10,704
<CHARGE-OFFS>                                      338
<RECOVERIES>                                       384
<ALLOWANCE-CLOSE>                               11,450
<ALLOWANCE-DOMESTIC>                            11,450
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0