<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated statement of financial condition, the consolidated statement of
operations and notes thereto found in exhibit 13 of the Company's Form 10-K for
the year ended December 31, 1998 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
       
<S>                                            <C>
<PERIOD-TYPE>                                12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          45,453
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     98,625
<INVESTMENTS-CARRYING>                       1,154,116
<INVESTMENTS-MARKET>                         1,145,369
<LOANS>                                      1,538,149
<ALLOWANCE>                                     11,358
<TOTAL-ASSETS>                               2,982,161
<DEPOSITS>                                   1,705,004
<SHORT-TERM>                                   805,753
<LIABILITIES-OTHER>                             47,673
<LONG-TERM>                                    310,967
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            50
<OTHER-SE>                                     114,088
<TOTAL-LIABILITIES-AND-EQUITY>               2,982,161
<INTEREST-LOAN>                                120,281
<INTEREST-INVEST>                               87,596
<INTEREST-OTHER>                                 2,937
<INTEREST-TOTAL>                               210,814
<INTEREST-DEPOSIT>                              66,128
<INTEREST-EXPENSE>                             143,404
<INTEREST-INCOME-NET>                           67,410
<LOAN-LOSSES>                                    3,100
<SECURITIES-GAINS>                                   1
<EXPENSE-OTHER>                                 50,971
<INCOME-PRETAX>                                 20,211
<INCOME-PRE-EXTRAORDINARY>                      16,668
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    16,668
<EPS-PRIMARY>                                     2.24
<EPS-DILUTED>                                     2.18
<YIELD-ACTUAL>                                    2.31
<LOANS-NON>                                     22,837
<LOANS-PAST>                                     1,704
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 7,412
<CHARGE-OFFS>                                    1,693
<RECOVERIES>                                       282
<ALLOWANCE-CLOSE>                               11,358
<ALLOWANCE-DOMESTIC>                            11,358
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        


</TABLE>