<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SANDY SPRING
BANCORP'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED ________ __, 1997,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
       
                                                                        
<PERIOD-TYPE>                   3-MOS                   6-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997             DEC-31-1997
<PERIOD-START>                             JAN-01-1997             JAN-01-1997             JAN-01-1997
<PERIOD-END>                               MAR-31-1997             JUN-30-1997             SEP-30-1997
<CASH>                                          27,889                  38,934                  23,194
<INT-BEARING-DEPOSITS>                           1,304                   1,410                     944
<FED-FUNDS-SOLD>                                28,122                  17,980                   5,707
<TRADING-ASSETS>                                     0                       0                       0
<INVESTMENTS-HELD-FOR-SALE>                    233,859                 289,595                 320,529
<INVESTMENTS-CARRYING>                         121,553                 118,343                 106,781
<INVESTMENTS-MARKET>                           121,563                 119,428                 108,016
<LOANS>                                        534,650                 544,488                 554,019
<ALLOWANCE>                                      6,387                   6,431                   6,634
<TOTAL-ASSETS>                                 989,478               1,062,852               1,067,046
<DEPOSITS>                                     812,133                 841,774                 818,182
<SHORT-TERM>                                    70,869                 112,127                 136,886
<LIABILITIES-OTHER>                              2,908                   2,598                   3,807
<LONG-TERM>                                      4,712                   4,704                   4,598
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                         4,921                   4,910                   4,888
<OTHER-SE>                                      93,935                  96,739                  98,685
<TOTAL-LIABILITIES-AND-EQUITY>                 989,478               1,062,852               1,067,046
<INTEREST-LOAN>                                 11,935                  24,393                  36,917
<INTEREST-INVEST>                                5,250                  11,087                  17,608
<INTEREST-OTHER>                                   407                     805                   1,171
<INTEREST-TOTAL>                                17,592                  36,285                  55,696
<INTEREST-DEPOSIT>                               6,986                  14,212                  21,509
<INTEREST-EXPENSE>                               7,873                  16,322                  25,405
<INTEREST-INCOME-NET>                            9,719                  19,963                  30,291
<LOAN-LOSSES>                                      100                     225                     525
<SECURITIES-GAINS>                                  20                     132                     315
<EXPENSE-OTHER>                                  6,631                  13,949                  21,232
<INCOME-PRETAX>                                  4,817                   9,632                  14,909
<INCOME-PRE-EXTRAORDINARY>                       4,817                   9,632                  14,909
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                     3,203                   6,323                   9,837
<EPS-PRIMARY>                                     0.33                    0.65                    1.01
<EPS-DILUTED>                                     0.33                    0.65                    1.01
<YIELD-ACTUAL>                                    3.79                    4.48                    4.42
<LOANS-NON>                                      1,276                   1,672                   1,431
<LOANS-PAST>                                     2,133                   2,933                   1,035
<LOANS-TROUBLED>                                    25                      23                      20
<LOANS-PROBLEM>                                      0                   5,890                   7,730
<ALLOWANCE-OPEN>                                 6,391                   6,391                   6,391
<CHARGE-OFFS>                                      130                     233                     345
<RECOVERIES>                                        26                      48                      63
<ALLOWANCE-CLOSE>                                6,387                   6,431                   6,634
<ALLOWANCE-DOMESTIC>                             2,514                   2,669                   2,374
<ALLOWANCE-FOREIGN>                                  0                       0                       0
<ALLOWANCE-UNALLOCATED>                          3,873                   3,762                   4,260