<ARTICLE> 9
<LEGEND>
The schedule contains summary financial information extracted from Palmetto
Bancshares, Inc. and subsidiary Consolidated Income Statements and Consolidated
Balance Sheets and is qualified in its entirety by reference to such financial
statements.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                          34,743
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 6,879
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    104,170
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        454,999
<ALLOWANCE>                                    (6,166)
<TOTAL-ASSETS>                                 630,062
<DEPOSITS>                                     549,040
<SHORT-TERM>                                    31,740
<LIABILITIES-OTHER>                              2,316
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        31,195
<OTHER-SE>                                      15,771
<TOTAL-LIABILITIES-AND-EQUITY>                 630,062
<INTEREST-LOAN>                                  9,497
<INTEREST-INVEST>                                1,471
<INTEREST-OTHER>                                   113
<INTEREST-TOTAL>                                11,081
<INTEREST-DEPOSIT>                               4,187
<INTEREST-EXPENSE>                               4,601
<INTEREST-INCOME-NET>                            6,480
<LOAN-LOSSES>                                      525
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  5,494
<INCOME-PRETAX>                                  2,638
<INCOME-PRE-EXTRAORDINARY>                       1,895
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,895
<EPS-BASIC>                                       0.30
<EPS-DILUTED>                                     0.30
<YIELD-ACTUAL>                                    4.65
<LOANS-NON>                                      2,147
<LOANS-PAST>                                       158
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 6,362
<CHARGE-OFFS>                                    (769)
<RECOVERIES>                                        48
<ALLOWANCE-CLOSE>                                6,166
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0