<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
QUARTERLY  REPORT ON FORM 10-QSB FOR  ATLANTIC  FINANCIAL  CORP.  FOR THE PERIOD
ENDED MARCH 31, 1999 AND IS  QUALIFIED  IN ITS  ENTIRETY  BY  REFERENCE  TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                                       16093
<INT-BEARING-DEPOSITS>                                           0
<FED-FUNDS-SOLD>                                             28242
<TRADING-ASSETS>                                                 0
<INVESTMENTS-HELD-FOR-SALE>                                  83546
<INVESTMENTS-CARRYING>                                       11188
<INVESTMENTS-MARKET>                                         11393
<LOANS>                                                     215383
<ALLOWANCE>                                                   2555
<TOTAL-ASSETS>                                              370666
<DEPOSITS>                                                  322174
<SHORT-TERM>                                                   397
<LIABILITIES-OTHER>                                           2980
<LONG-TERM>                                                   1563
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<COMMON>                                                     20951
<OTHER-SE>                                                   22601
<TOTAL-LIABILITIES-AND-EQUITY>                              370666
<INTEREST-LOAN>                                               5079
<INTEREST-INVEST>                                             1676
<INTEREST-OTHER>                                                 0
<INTEREST-TOTAL>                                              6755
<INTEREST-DEPOSIT>                                            2957
<INTEREST-EXPENSE>                                            2973
<INTEREST-INCOME-NET>                                         3782
<LOAN-LOSSES>                                                   72
<SECURITIES-GAINS>                                               0
<EXPENSE-OTHER>                                               2903
<INCOME-PRETAX>                                               1354
<INCOME-PRE-EXTRAORDINARY>                                    1354
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                                   998
<EPS-PRIMARY>                                                 0.24
<EPS-DILUTED>                                                 0.23
<YIELD-ACTUAL>                                                4.76
<LOANS-NON>                                                    479
<LOANS-PAST>                                                  1645
<LOANS-TROUBLED>                                                 0
<LOANS-PROBLEM>                                                  0
<ALLOWANCE-OPEN>                                              2424
<CHARGE-OFFS>                                                   91
<RECOVERIES>                                                   150
<ALLOWANCE-CLOSE>                                             2555
<ALLOWANCE-DOMESTIC>                                             0
<ALLOWANCE-FOREIGN>                                              0
<ALLOWANCE-UNALLOCATED>                                       2555
                                                     

</TABLE>