<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated statement of financial condition, the consolidated statement of
income and notes thereto found on pages 1 through 14 of the Company's Form 
10-Q for the year-to-date March 31, 1998 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-END>                               MAR-31-1998
<CASH>                                          25,026
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 3,500
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    169,783
<INVESTMENTS-CARRYING>                       1,325,249
<INVESTMENTS-MARKET>                         1,304,353
<LOANS>                                      1,335,955
<ALLOWANCE>                                      8,685
<TOTAL-ASSETS>                               2,966,202
<DEPOSITS>                                   1,367,371
<SHORT-TERM>                                 1,116,380
<LIABILITIES-OTHER>                             52,317
<LONG-TERM>                                    319,627
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            50
<OTHER-SE>                                     110,457
<TOTAL-LIABILITIES-AND-EQUITY>               2,966,202
<INTEREST-LOAN>                                 26,940
<INTEREST-INVEST>                               23,446
<INTEREST-OTHER>                                   502
<INTEREST-TOTAL>                                50,888
<INTEREST-DEPOSIT>                              15,507
<INTEREST-EXPENSE>                              35,888
<INTEREST-INCOME-NET>                           15,000
<LOAN-LOSSES>                                    1,450
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 10,335
<INCOME-PRETAX>                                  3,615
<INCOME-PRE-EXTRAORDINARY>                       5,941
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,941
<EPS-PRIMARY>                                     1.18
<EPS-DILUTED>                                     1.14
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 7,412
<CHARGE-OFFS>                                      350
<RECOVERIES>                                       173
<ALLOWANCE-CLOSE>                                8,685
<ALLOWANCE-DOMESTIC>                             8,685
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        


</TABLE>