<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> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 34,327 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 1,644 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 121,293 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 438,712 <ALLOWANCE> (6,369) <TOTAL-ASSETS> 622,858 <DEPOSITS> 533,009 <SHORT-TERM> 33,561 <LIABILITIES-OTHER> 2,532 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,520 <OTHER-SE> 29,136 <TOTAL-LIABILITIES-AND-EQUITY> 622,858 <INTEREST-LOAN> 27,308 <INTEREST-INVEST> 4,413 <INTEREST-OTHER> 325 <INTEREST-TOTAL> 32,046 <INTEREST-DEPOSIT> 11,159 <INTEREST-EXPENSE> 12,055 <INTEREST-INCOME-NET> 19,991 <LOAN-LOSSES> 1,772 <SECURITIES-GAINS> 30 <EXPENSE-OTHER> 15,504 <INCOME-PRETAX> 8,633 <INCOME-PRE-EXTRAORDINARY> 6,004 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,004 <EPS-BASIC> 1.93 <EPS-DILUTED> 1.88 <YIELD-ACTUAL> 4.91 <LOANS-NON> 1,915 <LOANS-PAST> 9 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 5,795 <CHARGE-OFFS> (1,262) <RECOVERIES> 64 <ALLOWANCE-CLOSE> 6,369 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0