<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated statement of financial condition and the consolidated statement of
operations and notes thereto found on pages 1 through 13 of the Company's Form
10-Q for year-to-date and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                          27,807
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 6,300
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    179,662
<INVESTMENTS-CARRYING>                       1,322,884
<INVESTMENTS-MARKET>                         1,282,081
<LOANS>                                      1,336,632
<ALLOWANCE>                                      6,862
<TOTAL-ASSETS>                               2,964,082
<DEPOSITS>                                   1,364,759
<SHORT-TERM>                                 1,048,110
<LIABILITIES-OTHER>                             54,294
<LONG-TERM>                                    398,225
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            50
<OTHER-SE>                                      98,644
<TOTAL-LIABILITIES-AND-EQUITY>               2,964,082
<INTEREST-LOAN>                                 52,430
<INTEREST-INVEST>                               46,401
<INTEREST-OTHER>                                   671
<INTEREST-TOTAL>                                99,502
<INTEREST-DEPOSIT>                              30,545
<INTEREST-EXPENSE>                              70,590
<INTEREST-INCOME-NET>                           28,912
<LOAN-LOSSES>                                      900
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 20,745
<INCOME-PRETAX>                                 10,286
<INCOME-PRE-EXTRAORDINARY>                      10,286
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     6,057
<EPS-PRIMARY>                                     1.19
<EPS-DILUTED>                                     1.19
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 6,880
<CHARGE-OFFS>                                      967
<RECOVERIES>                                        49
<ALLOWANCE-CLOSE>                                6,862
<ALLOWANCE-DOMESTIC>                             6,862
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>