<TABLE> <S> <C>

<PAGE>

<ARTICLE> 9
<LEGEND>
This Schedule contains summary financial information extracted from the
Company's Balance Sheet as of March 31, 1997 and Statement of Earnings for the
three months ended March 31, 1997 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
           
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                           58774
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                 17758
<INVESTMENTS-HELD-FOR-SALE>                     124191
<INVESTMENTS-CARRYING>                           28408
<INVESTMENTS-MARKET>                             28408
<LOANS>                                         751044
<ALLOWANCE>                                      67364
<TOTAL-ASSETS>                                 1095041
<DEPOSITS>                                      462989
<SHORT-TERM>                                    430173
<LIABILITIES-OTHER>                              56475
<LONG-TERM>                                      84245
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         55897
<OTHER-SE>                                        5262
<TOTAL-LIABILITIES-AND-EQUITY>                 1095041
<INTEREST-LOAN>                                  16261
<INTEREST-INVEST>                                    0
<INTEREST-OTHER>                                  1356
<INTEREST-TOTAL>                                 17617
<INTEREST-DEPOSIT>                                7007
<INTEREST-EXPENSE>                                6967
<INTEREST-INCOME-NET>                             3643
<LOAN-LOSSES>                                   (1869)
<SECURITIES-GAINS>                                  14
<EXPENSE-OTHER>                                   7908
<INCOME-PRETAX>                                    105
<INCOME-PRE-EXTRAORDINARY>                           0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                        63
<EPS-PRIMARY>                                     0.01
<EPS-DILUTED>                                     0.01
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 37555
<CHARGE-OFFS>                                     8029
<RECOVERIES>                                       100
<ALLOWANCE-CLOSE>                                67364
<ALLOWANCE-DOMESTIC>                             67364
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
             

</TABLE>