<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 ________, 1996,
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-31-1996             DEC-31-1996             DEC-31-1996
<PERIOD-START>                             JAN-01-1996             JAN-01-1996             JAN-01-1996
<PERIOD-END>                               MAR-31-1996             JUN-30-1996             SEP-30-1996
<CASH>                                          29,845                  30,464                  34,657
<INT-BEARING-DEPOSITS>                           5,491                   6,025                     644
<FED-FUNDS-SOLD>                                16,048                  23,259                  16,655
<TRADING-ASSETS>                                     0                       0                       0
<INVESTMENTS-HELD-FOR-SALE>                    184,201                 184,927                 206,811
<INVESTMENTS-CARRYING>                         120,573                 121,961                 119,048
<INVESTMENTS-MARKET>                           121,018                 121,502                 120,779
<LOANS>                                        423,496                 434,839                 513,543
<ALLOWANCE>                                      6,060                   6,033                   6,544
<TOTAL-ASSETS>                                 818,586                 835,292                 928,299
<DEPOSITS>                                     696,091                 707,911                 780,885
<SHORT-TERM>                                    34,232                  38,766                  46,367
<LIABILITIES-OTHER>                              3,201                   2,512                   3,166
<LONG-TERM>                                      5,144                   5,136                   4,828
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                         4,374                   4,382                   4,887
<OTHER-SE>                                      75,544                  76,585                  88,166
<TOTAL-LIABILITIES-AND-EQUITY>                 818,586                 835,292                 928,299
<INTEREST-LOAN>                                  9,495                  19,120                  34,508
<INTEREST-INVEST>                                4,314                   8,689                  13,423
<INTEREST-OTHER>                                   408                     805                   1,384
<INTEREST-TOTAL>                                14,217                  28,614                  49,315
<INTEREST-DEPOSIT>                               6,134                  12,215                  20,878
<INTEREST-EXPENSE>                               6,553                  13,085                  22,489
<INTEREST-INCOME-NET>                            7,664                  15,529                  26,826
<LOAN-LOSSES>                                      150                     150                     208
<SECURITIES-GAINS>                                 (3)                       0                    (66)
<EXPENSE-OTHER>                                  5,323                  11,118                  18,897
<INCOME-PRETAX>                                  3,687                   7,398                  12,451
<INCOME-PRE-EXTRAORDINARY>                       3,687                   7,398                  12,451
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                     2,516                   5,038                   8,252
<EPS-PRIMARY>                                      0.3                     0.6                    0.86
<EPS-DILUTED>                                      0.3                     0.6                    0.86
<YIELD-ACTUAL>                                    3.65                    3.65                    3.73
<LOANS-NON>                                        725                   1,023                   1,609
<LOANS-PAST>                                       563                     840                   3,030
<LOANS-TROUBLED>                                    33                      32                      29
<LOANS-PROBLEM>                                  3,760                   3,006                   4,111
<ALLOWANCE-OPEN>                                 5,910                   5,910                   6,597
<CHARGE-OFFS>                                       22                     114                     351
<RECOVERIES>                                        22                      87                      90
<ALLOWANCE-CLOSE>                                6,060                   6,033                   6,544
<ALLOWANCE-DOMESTIC>                             1,542                   1,704                   2,307
<ALLOWANCE-FOREIGN>                                  0                       0                       0
<ALLOWANCE-UNALLOCATED>                          4,518                   4,329                   4,237