<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10K AND
AUDITED FINANCIAL STATEMENTS AS OF DECEMBER 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH (B) (TO COME)
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                          96,129
<INT-BEARING-DEPOSITS>                             522
<FED-FUNDS-SOLD>                                51,328
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     69,532
<INVESTMENTS-CARRYING>                         157,315
<INVESTMENTS-MARKET>                           156,888
<LOANS>                                        621,987
<ALLOWANCE>                                    (7,472)
<TOTAL-ASSETS>                               1,038,535
<DEPOSITS>                                     945,658
<SHORT-TERM>                                     5,157
<LIABILITIES-OTHER>                              8,440
<LONG-TERM>                                      4,498
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        22,510
<OTHER-SE>                                      88,999
<TOTAL-LIABILITIES-AND-EQUITY>               1,038,535
<INTEREST-LOAN>                                 54,099
<INTEREST-INVEST>                               13,614
<INTEREST-OTHER>                                 2,464
<INTEREST-TOTAL>                                70,177
<INTEREST-DEPOSIT>                              21,353
<INTEREST-EXPENSE>                              22,202
<INTEREST-INCOME-NET>                           47,975
<LOAN-LOSSES>                                    2,457
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 38,053
<INCOME-PRETAX>                                 17,797
<INCOME-PRE-EXTRAORDINARY>                      17,797
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    12,270
<EPS-PRIMARY>                                     0.54
<EPS-DILUTED>                                     0.52
<YIELD-ACTUAL>                                    5.82
<LOANS-NON>                                      2,817
<LOANS-PAST>                                       371
<LOANS-TROUBLED>                                    45
<LOANS-PROBLEM>                                 15,144
<ALLOWANCE-OPEN>                                 6,823
<CHARGE-OFFS>                                    2,281
<RECOVERIES>                                       473
<ALLOWANCE-CLOSE>                                7,472
<ALLOWANCE-DOMESTIC>                             3,083
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          4,389
        

</TABLE>