<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) (TO
COME)

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>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<EXCHANGE-RATE>                                      1
<CASH>                                          84,302
<INT-BEARING-DEPOSITS>                             918
<FED-FUNDS-SOLD>                                58,504
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     70,247
<INVESTMENTS-CARRYING>                         176,982
<INVESTMENTS-MARKET>                           179,156
<LOANS>                                        872,605
<ALLOWANCE>                                    (8,478)
<TOTAL-ASSETS>                               1,309,976
<DEPOSITS>                                   1,161,813
<SHORT-TERM>                                    20,089
<LIABILITIES-OTHER>                              5,757
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                           28,750
<PREFERRED>                                        177
<COMMON>                                        23,653
<OTHER-SE>                                     142,285
<TOTAL-LIABILITIES-AND-EQUITY>               1,309,976
<INTEREST-LOAN>                                 19,547
<INTEREST-INVEST>                                4,315
<INTEREST-OTHER>                                   676
<INTEREST-TOTAL>                                24,538
<INTEREST-DEPOSIT>                               7,163
<INTEREST-EXPENSE>                               7,396
<INTEREST-INCOME-NET>                           17,142
<LOAN-LOSSES>                                      927
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 13,370
<INCOME-PRETAX>                                  5,998
<INCOME-PRE-EXTRAORDINARY>                       5,998
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,950
<EPS-PRIMARY>                                     0.17
<EPS-DILUTED>                                     0.16
<YIELD-ACTUAL>                                    6.04
<LOANS-NON>                                      4,087
<LOANS-PAST>                                       337
<LOANS-TROUBLED>                                   269
<LOANS-PROBLEM>                                 13,318
<ALLOWANCE-OPEN>                                 7,882
<CHARGE-OFFS>                                      470
<RECOVERIES>                                       114
<ALLOWANCE-CLOSE>                                8,478
<ALLOWANCE-DOMESTIC>                             4,031
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          4,447
        

</TABLE>