<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
QUARTERLY  REPORT ON FORM  10-QSB FOR  GUARANTY  FINANCIAL  CORPORATION  FOR THE
PERIOD  ENDED MARCH 31, 1999 AND IS  QUALIFIED  IN ITS  ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                   1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                              11,813
<INT-BEARING-DEPOSITS>                               4,768
<FED-FUNDS-SOLD>                                       679
<TRADING-ASSETS>                                     2,944
<INVESTMENTS-HELD-FOR-SALE>                         27,147
<INVESTMENTS-CARRYING>                               1,972
<INVESTMENTS-MARKET>                                 2,045
<LOANS>                                            175,879
<ALLOWANCE>                                          1,026
<TOTAL-ASSETS>                                     235,548
<DEPOSITS>                                         188,177
<SHORT-TERM>                                        21,000
<LIABILITIES-OTHER>                                  2,653
<LONG-TERM>                                          8,718
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                             1,877
<OTHER-SE>                                          10,182
<TOTAL-LIABILITIES-AND-EQUITY>                     235,548
<INTEREST-LOAN>                                      3,432
<INTEREST-INVEST>                                      623
<INTEREST-OTHER>                                         4
<INTEREST-TOTAL>                                     3,906
<INTEREST-DEPOSIT>                                   2,015
<INTEREST-EXPENSE>                                   2,526
<INTEREST-INCOME-NET>                                1,380
<LOAN-LOSSES>                                           60
<SECURITIES-GAINS>                                      67
<EXPENSE-OTHER>                                      1,701
<INCOME-PRETAX>                                        413
<INCOME-PRE-EXTRAORDINARY>                             413
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                           273
<EPS-PRIMARY>                                         0.18
<EPS-DILUTED>                                         0.18
<YIELD-ACTUAL>                                        7.82
<LOANS-NON>                                          1,615
<LOANS-PAST>                                           873
<LOANS-TROUBLED>                                         0
<LOANS-PROBLEM>                                          0
<ALLOWANCE-OPEN>                                     1,002
<CHARGE-OFFS>                                           40
<RECOVERIES>                                             4
<ALLOWANCE-CLOSE>                                    1,026
<ALLOWANCE-DOMESTIC>                                 1,026
<ALLOWANCE-FOREIGN>                                      0
<ALLOWANCE-UNALLOCATED>                                  0
                                               


</TABLE>