<TABLE> <S> <C>

<PAGE>

<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from FORM 10-Q
and is qualified in its entirety by reference to such FORM 10-Q filing.
</LEGEND>
       
<S>                             <C>                     
<PERIOD-TYPE>                   9-MOS                   
<FISCAL-YEAR-END>                          DEC-31-1996  
<PERIOD-START>                             JAN-01-1996  
<PERIOD-END>                               SEP-30-1996  
<CASH>                                      21,982,688  
<INT-BEARING-DEPOSITS>                       3,701,998  
<FED-FUNDS-SOLD>                            21,300,000  
<TRADING-ASSETS>                                     0  
<INVESTMENTS-HELD-FOR-SALE>                 45,704,498  
<INVESTMENTS-CARRYING>                     668,049,772  
<INVESTMENTS-MARKET>                       665,379,846  
<LOANS>                                  1,415,825,471  
<ALLOWANCE>                                  7,074,716  
<TOTAL-ASSETS>                           2,227,591,290  
<DEPOSITS>                               1,806,967,378  
<SHORT-TERM>                               201,036,127  
<LIABILITIES-OTHER>                         31,202,087  
<LONG-TERM>                                 17,700,000  
<PREFERRED-MANDATORY>                       17,168,699  
<PREFERRED>                                          0  
<COMMON>                                             0  
<OTHER-SE>                                 153,516,999  
<TOTAL-LIABILITIES-AND-EQUITY>           2,227,591,290  
<INTEREST-LOAN>                             80,320,398  
<INTEREST-INVEST>                           42,106,392  
<INTEREST-OTHER>                                     0  
<INTEREST-TOTAL>                           122,426,790  
<INTEREST-DEPOSIT>                          60,893,909  
<INTEREST-EXPENSE>                          77,335,984  
<INTEREST-INCOME-NET>                       45,090,806  
<LOAN-LOSSES>                                  851,497  
<SECURITIES-GAINS>                                   0  
<EXPENSE-OTHER>                             43,991,092  
<INCOME-PRETAX>                              5,261,479  
<INCOME-PRE-EXTRAORDINARY>                   5,261,479  
<EXTRAORDINARY>                                      0  
<CHANGES>                                            0  
<NET-INCOME>                                 5,261,479  
<EPS-PRIMARY>                                    0.952
<EPS-DILUTED>                                        0  
<YIELD-ACTUAL>                                       0  
<LOANS-NON>                                  5,813,000
<LOANS-PAST>                                         0  
<LOANS-TROUBLED>                             1,777,000  
<LOANS-PROBLEM>                                      0  
<ALLOWANCE-OPEN>                             6,878,072  
<CHARGE-OFFS>                                  532,696  
<RECOVERIES>                                    73,843  
<ALLOWANCE-CLOSE>                            7,074,716  
<ALLOWANCE-DOMESTIC>                         7,074,716  
<ALLOWANCE-FOREIGN>                                  0  
<ALLOWANCE-UNALLOCATED>                              0  
        

</TABLE>