<ARTICLE> 9 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30, 1998, CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF INCOME FOR THE SIX MONTHS ENDED JUNE 30, 1998, AND IS QUALIFIED IN ITS ENTIRELY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 130,935 <INT-BEARING-DEPOSITS> 1,777,860 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 5,330,359 <INVESTMENTS-CARRYING> 11,891,872 <INVESTMENTS-MARKET> 11,914,753 <LOANS> 13,924,373 <ALLOWANCE> 301,282 <TOTAL-ASSETS> 34,128,272 <DEPOSITS> 29,056,329 <SHORT-TERM> 0 <LIABILITIES-OTHER> 371,853 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,666 <OTHER-SE> (174,570) <TOTAL-LIABILITIES-AND-EQUITY> 34,128,272 <INTEREST-LOAN> 311,546 <INTEREST-INVEST> 277,351 <INTEREST-OTHER> 22,472 <INTEREST-TOTAL> 611,369 <INTEREST-DEPOSIT> 309,287 <INTEREST-EXPENSE> 4,079 <INTEREST-INCOME-NET> 298,003 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 292,253 <INCOME-PRETAX> 80,811 <INCOME-PRE-EXTRAORDINARY> 80,811 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 34,040 <EPS-PRIMARY> .14 <EPS-DILUTED> .14 <YIELD-ACTUAL> 7.54 <LOANS-NON> 194,298 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 199,123 <ALLOWANCE-OPEN> 300,359 <CHARGE-OFFS> 923 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 301,282 <ALLOWANCE-DOMESTIC> 21,085 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 280,197