<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 21,994 <INT-BEARING-DEPOSITS> 7,573 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 195,047 <INVESTMENTS-CARRYING> 95,497 <INVESTMENTS-MARKET> 93,733 <LOANS> 638,562 <ALLOWANCE> 3,029 <TOTAL-ASSETS> 993,459 <DEPOSITS> 619,021 <SHORT-TERM> 55,336 <LIABILITIES-OTHER> 13,571 <LONG-TERM> 228,759 <PREFERRED-MANDATORY> 0 <PREFERRED> 23,875 <COMMON> 3,405 <OTHER-SE> 49,492 <TOTAL-LIABILITIES-AND-EQUITY> 993,459 <INTEREST-LOAN> 12,095 <INTEREST-INVEST> 4,928 <INTEREST-OTHER> 247 <INTEREST-TOTAL> 17,271 <INTEREST-DEPOSIT> 6,818 <INTEREST-EXPENSE> 11,025 <INTEREST-INCOME-NET> 6,246 <LOAN-LOSSES> 90 <SECURITIES-GAINS> 275 <EXPENSE-OTHER> 3,825 <INCOME-PRETAX> 3,890 <INCOME-PRE-EXTRAORDINARY> 2,552 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,552 <EPS-PRIMARY> .64 <EPS-DILUTED> .48 <YIELD-ACTUAL> 7.51 <LOANS-NON> 1,107 <LOANS-PAST> 0 <LOANS-TROUBLED> 341 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,994 <CHARGE-OFFS> 70 <RECOVERIES> 15 <ALLOWANCE-CLOSE> 3,029 <ALLOWANCE-DOMESTIC> 3,029 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0