<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 9
<LEGEND>
THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE COMPANY'S ANNUAL REPORT ON FORM 10-K AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO THE FINANCIAL STATEMENTS INCLUDED THEREIN.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1996
<PERIOD-START>                             OCT-01-1996             JAN-01-1996
<PERIOD-END>                               DEC-31-1996             DEC-31-1996
<CASH>                                          11,331                   00000
<INT-BEARING-DEPOSITS>                           4,464                   00000
<FED-FUNDS-SOLD>                                     0                   00000
<TRADING-ASSETS>                                     0                   00000
<INVESTMENTS-HELD-FOR-SALE>                    174,482                   00000
<INVESTMENTS-CARRYING>                         173,510                   00000
<INVESTMENTS-MARKET>                           173,372                   00000
<LOANS>                                        653,556                   00000
<ALLOWANCE>                                      7,759                   00000
<TOTAL-ASSETS>                               1,032,213                   00000
<DEPOSITS>                                     652,509                   00000
<SHORT-TERM>                                   179,357                   00000
<LIABILITIES-OTHER>                              9,010                   00000
<LONG-TERM>                                     89,935                   00000
<PREFERRED-MANDATORY>                                0                   00000
<PREFERRED>                                          0                   00000
<COMMON>                                            53                   00000
<OTHER-SE>                                     101,349                   00000
<TOTAL-LIABILITIES-AND-EQUITY>               1,032,213                   00000
<INTEREST-LOAN>                                 13,075                  48,661
<INTEREST-INVEST>                                5,798                  22,415
<INTEREST-OTHER>                                    65                     265
<INTEREST-TOTAL>                                18,938                  71,341
<INTEREST-DEPOSIT>                               6,787                  25,775
<INTEREST-EXPENSE>                              10,687                  40,064
<INTEREST-INCOME-NET>                            8,251                  31,277
<LOAN-LOSSES>                                      200                     605
<SECURITIES-GAINS>                                (47)                    (47)
<EXPENSE-OTHER>                                  4,176                  18,966<F1>
<INCOME-PRETAX>                                  4,255                  13,344
<INCOME-PRE-EXTRAORDINARY>                       4,255                  13,344
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     2,699                   8,523
<EPS-PRIMARY>                                      .52                    1.65
<EPS-DILUTED>                                      .52                    1.64
<YIELD-ACTUAL>                                    3.33                    3.33
<LOANS-NON>                                      4,886                   00000
<LOANS-PAST>                                       136                   00000
<LOANS-TROUBLED>                                     0                   00000
<LOANS-PROBLEM>                                      0                   00000
<ALLOWANCE-OPEN>                                 7,127                   00000
<CHARGE-OFFS>                                      420                   00000
<RECOVERIES>                                       447                   00000
<ALLOWANCE-CLOSE>                                7,759                   00000
<ALLOWANCE-DOMESTIC>                             7,759                   00000
<ALLOWANCE-FOREIGN>                                  0                   00000
<ALLOWANCE-UNALLOCATED>                              0                   00000
        

<FN>
<F1> Expense - Other for the 12 month period ended December 31, 1996 includes a 
    federally-mandated "SAIF" recapitalization charge of $2.1 million. The 
    after-tax effect on income of this one-time charge was $0.23 per share.
</FN>

</TABLE>