<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 9
<LEGEND>
This schedule contains financial information extracted from the consolidated
financial statements of FirstSpartan Financial Corp. as of or for the six months
ended December 31, 1998 and is qualified in its entirety by reference to such
financial statements (dollars in thousands except per share data).
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          11,838
<INT-BEARING-DEPOSITS>                          19,871
<FED-FUNDS-SOLD>                                 1,480
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     27,324
<INVESTMENTS-CARRYING>                              71
<INVESTMENTS-MARKET>                                72
<LOANS>                                        452,115
<ALLOWANCE>                                      2,524
<TOTAL-ASSETS>                                 530,830
<DEPOSITS>                                     393,145
<SHORT-TERM>                                    10,000
<LIABILITIES-OTHER>                              2,728
<LONG-TERM>                                     17,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            44
<OTHER-SE>                                     107,957
<TOTAL-LIABILITIES-AND-EQUITY>                 530,830
<INTEREST-LOAN>                                 17,328
<INTEREST-INVEST>                                1,984
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                                19,312
<INTEREST-DEPOSIT>                               8,588
<INTEREST-EXPENSE>                               9,235
<INTEREST-INCOME-NET>                           10,077
<LOAN-LOSSES>                                      400
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  6,083
<INCOME-PRETAX>                                  5,468
<INCOME-PRE-EXTRAORDINARY>                       5,468
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,282
<EPS-PRIMARY>                                     0.86
<EPS-DILUTED>                                     0.86
<YIELD-ACTUAL>                                    4.00
<LOANS-NON>                                      1,121
<LOANS-PAST>                                       109
<LOANS-TROUBLED>                                   948
<LOANS-PROBLEM>                                  3,371
<ALLOWANCE-OPEN>                                 2,179
<CHARGE-OFFS>                                       55
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                2,524
<ALLOWANCE-DOMESTIC>                             2,524
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>