<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 JUN 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 29,654 <INT-BEARING-DEPOSITS> 1,635 <FED-FUNDS-SOLD> 11,279 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 384,045 <INVESTMENTS-CARRYING> 95,371 <INVESTMENTS-MARKET> 96,607 <LOANS> 589,060 <ALLOWANCE> 7,534 <TOTAL-ASSETS> 1,170,739 <DEPOSITS> 889,577 <SHORT-TERM> 144,330 <LIABILITIES-OTHER> 3,950 <LONG-TERM> 25,480 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9,640 <OTHER-SE> 97,762 <TOTAL-LIABILITIES-AND-EQUITY> 1,170,739 <INTEREST-LOAN> 25,767 <INTEREST-INVEST> 13,801 <INTEREST-OTHER> 941 <INTEREST-TOTAL> 45,509 <INTEREST-DEPOSIT> 14,140 <INTEREST-EXPENSE> 18,395 <INTEREST-INCOME-NET> 22,114 <LOAN-LOSSES> 542 <SECURITIES-GAINS> 409 <EXPENSE-OTHER> 16,355 <INCOME-PRETAX> 11,070 <INCOME-PRE-EXTRAORDINARY> 11,070 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,735 <EPS-PRIMARY> 0.80 <EPS-DILUTED> 0.80 <YIELD-ACTUAL> 4.42 <LOANS-NON> 1,088 <LOANS-PAST> 1,916 <LOANS-TROUBLED> 16 <LOANS-PROBLEM> 7,510 <ALLOWANCE-OPEN> 7,016 <CHARGE-OFFS> 114 <RECOVERIES> 90 <ALLOWANCE-CLOSE> 7,564 <ALLOWANCE-DOMESTIC> 2,121 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 5,413