<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 June 30, 1998 and is qualified in its entirety by
reference to such financial statements
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                          25,824
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    159,677
<INVESTMENTS-CARRYING>                       1,283,521
<INVESTMENTS-MARKET>                         1,324,968
<LOANS>                                      1,413,328
<ALLOWANCE>                                      8,850
<TOTAL-ASSETS>                               2,980,528
<DEPOSITS>                                   1,358,899
<SHORT-TERM>                                 1,151,767
<LIABILITIES-OTHER>                             54,369
<LONG-TERM>                                    300,783
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            50
<OTHER-SE>                                     116,236
<TOTAL-LIABILITIES-AND-EQUITY>               2,980,528
<INTEREST-LOAN>                                 56,027
<INTEREST-INVEST>                               46,198
<INTEREST-OTHER>                                 1,036
<INTEREST-TOTAL>                               103,261
<INTEREST-DEPOSIT>                              30,999
<INTEREST-EXPENSE>                              71,979
<INTEREST-INCOME-NET>                           31,282
<LOAN-LOSSES>                                    1,900
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 22,212
<INCOME-PRETAX>                                  9,870
<INCOME-PRE-EXTRAORDINARY>                       9,920
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     9,920
<EPS-PRIMARY>                                     1.31
<EPS-DILUTED>                                     1.27
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 7,412
<CHARGE-OFFS>                                      692
<RECOVERIES>                                       230
<ALLOWANCE-CLOSE>                                8,850
<ALLOWANCE-DOMESTIC>                             8,850
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        


</TABLE>