<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION DERIVED FROM THE QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 34,793 <INT-BEARING-DEPOSITS> 2,537 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 89,654 <INVESTMENTS-CARRYING> 339,916 <INVESTMENTS-MARKET> 341,954 <LOANS> 242,601 <ALLOWANCE> 2,049 <TOTAL-ASSETS> 639,455 <DEPOSITS> 450,629 <SHORT-TERM> 30,000 <LIABILITIES-OTHER> 9,488 <LONG-TERM> 98,359 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 529 <OTHER-SE> 50,450 <TOTAL-LIABILITIES-AND-EQUITY> 639,455 <INTEREST-LOAN> 4,904 <INTEREST-INVEST> 4,815 <INTEREST-OTHER> 422 <INTEREST-TOTAL> 10,141 <INTEREST-DEPOSIT> 4,314 <INTEREST-EXPENSE> 5,662 <INTEREST-INCOME-NET> 4,479 <LOAN-LOSSES> 15 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 3,375 <INCOME-PRETAX> 1,509 <INCOME-PRE-EXTRAORDINARY> 993 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 993 <EPS-PRIMARY> .34 <EPS-DILUTED> .31 <YIELD-ACTUAL> 3.05 <LOANS-NON> 0 <LOANS-PAST> 1,382 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,029 <CHARGE-OFFS> 3 <RECOVERIES> 7 <ALLOWANCE-CLOSE> 2,049 <ALLOWANCE-DOMESTIC> 2,049 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 2,049