<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-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                          67,581
<INT-BEARING-DEPOSITS>                          25,927
<FED-FUNDS-SOLD>                                46,132
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     69,162
<INVESTMENTS-CARRYING>                         178,758
<INVESTMENTS-MARKET>                           177,086
<LOANS>                                        642,861
<ALLOWANCE>                                    (8,040)
<TOTAL-ASSETS>                               1,074,115
<DEPOSITS>                                     976,439
<SHORT-TERM>                                     8,825
<LIABILITIES-OTHER>                              7,356
<LONG-TERM>                                      3,600
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                         88
<COMMON>                                        23,410
<OTHER-SE>                                     122,356
<TOTAL-LIABILITIES-AND-EQUITY>               1,074,115
<INTEREST-LOAN>                                 15,286
<INTEREST-INVEST>                                3,765
<INTEREST-OTHER>                                   488
<INTEREST-TOTAL>                                19,539
<INTEREST-DEPOSIT>                               5,923
<INTEREST-EXPENSE>                               6,091
<INTEREST-INCOME-NET>                           13,448
<LOAN-LOSSES>                                      740
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 10,616
<INCOME-PRETAX>                                  4,686
<INCOME-PRE-EXTRAORDINARY>                       4,686
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,136
<EPS-PRIMARY>                                     0.14
<EPS-DILUTED>                                     0.13
<YIELD-ACTUAL>                                    5.93
<LOANS-NON>                                      2,320
<LOANS-PAST>                                       640
<LOANS-TROUBLED>                                    95
<LOANS-PROBLEM>                                 14,049
<ALLOWANCE-OPEN>                                 7,472
<CHARGE-OFFS>                                      256
<RECOVERIES>                                        85
<ALLOWANCE-CLOSE>                                8,040
<ALLOWANCE-DOMESTIC>                             3,363
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          4,677
        

</TABLE>