<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 Comapny'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>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                          38,886
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 5,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    168,976
<INVESTMENTS-CARRYING>                       1,325,681
<INVESTMENTS-MARKET>                         1,295,133
<LOANS>                                      1,298,795
<ALLOWANCE>                                      7,082
<TOTAL-ASSETS>                               2,929,560
<DEPOSITS>                                   1,392,234
<SHORT-TERM>                                   984,491
<LIABILITIES-OTHER>                             59,175
<LONG-TERM>                                    392,004
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            50
<OTHER-SE>                                     101,606
<TOTAL-LIABILITIES-AND-EQUITY>               2,929,560
<INTEREST-LOAN>                                 80,249
<INTEREST-INVEST>                               69,395
<INTEREST-OTHER>                                 1,109
<INTEREST-TOTAL>                               150,753
<INTEREST-DEPOSIT>                              46,659
<INTEREST-EXPENSE>                             107,642
<INTEREST-INCOME-NET>                           43,111
<LOAN-LOSSES>                                    1,350
<SECURITIES-GAINS>                                 237
<EXPENSE-OTHER>                                 31,567
<INCOME-PRETAX>                                 14,956
<INCOME-PRE-EXTRAORDINARY>                       8,774
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,774
<EPS-PRIMARY>                                     1.71
<EPS-DILUTED>                                     1.71
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 6,880
<CHARGE-OFFS>                                    1,259
<RECOVERIES>                                       111
<ALLOWANCE-CLOSE>                                7,082
<ALLOWANCE-DOMESTIC>                             7,082
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>