<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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          35,034
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 3,212
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    105,299
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        427,928
<ALLOWANCE>                                    (6,112)
<TOTAL-ASSETS>                                 597,145
<DEPOSITS>                                     520,784
<SHORT-TERM>                                    29,229
<LIABILITIES-OTHER>                              3,148
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        15,520
<OTHER-SE>                                      28,464
<TOTAL-LIABILITIES-AND-EQUITY>                 597,145
<INTEREST-LOAN>                                 18,026
<INTEREST-INVEST>                                2,872
<INTEREST-OTHER>                                   169
<INTEREST-TOTAL>                                21,067
<INTEREST-DEPOSIT>                               7,352
<INTEREST-EXPENSE>                               7,925
<INTEREST-INCOME-NET>                           13,142
<LOAN-LOSSES>                                    1,031
<SECURITIES-GAINS>                                  30
<EXPENSE-OTHER>                                 10,198
<INCOME-PRETAX>                                  5,693
<INCOME-PRE-EXTRAORDINARY>                       3,907
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,907
<EPS-BASIC>                                       1.26
<EPS-DILUTED>                                     1.23
<YIELD-ACTUAL>                                    4.92
<LOANS-NON>                                      1,763
<LOANS-PAST>                                        72
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 5,795
<CHARGE-OFFS>                                    (753)
<RECOVERIES>                                        39
<ALLOWANCE-CLOSE>                                6,112
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0