<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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                         121,937
<INT-BEARING-DEPOSITS>                             409
<FED-FUNDS-SOLD>                                16,950
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     94,811
<INVESTMENTS-CARRYING>                         202,468
<INVESTMENTS-MARKET>                           204,609
<LOANS>                                        813,558
<ALLOWANCE>                                    (7,882)
<TOTAL-ASSETS>                               1,313,843
<DEPOSITS>                                   1,141,366
<SHORT-TERM>                                    45,169
<LIABILITIES-OTHER>                              8,877
<LONG-TERM>                                        321
<PREFERRED-MANDATORY>                           28,750
<PREFERRED>                                        177
<COMMON>                                        22,875
<OTHER-SE>                                      66,308
<TOTAL-LIABILITIES-AND-EQUITY>               1,313,843
<INTEREST-LOAN>                                 68,927
<INTEREST-INVEST>                               16,787
<INTEREST-OTHER>                                 2,888
<INTEREST-TOTAL>                                88,602
<INTEREST-DEPOSIT>                              26,418
<INTEREST-EXPENSE>                              27,481
<INTEREST-INCOME-NET>                           61,121
<LOAN-LOSSES>                                    3,176
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 48,561
<INCOME-PRETAX>                                 21,024
<INCOME-PRE-EXTRAORDINARY>                      21,024
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    14,015
<EPS-PRIMARY>                                     0.62
<EPS-DILUTED>                                     0.59
<YIELD-ACTUAL>                                    5.95
<LOANS-NON>                                      4,226
<LOANS-PAST>                                       486
<LOANS-TROUBLED>                                   217
<LOANS-PROBLEM>                                 13,524
<ALLOWANCE-OPEN>                                 7,472
<CHARGE-OFFS>                                    3,204
<RECOVERIES>                                       438
<ALLOWANCE-CLOSE>                                7,882
<ALLOWANCE-DOMESTIC>                             2,831
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          5,051
        

</TABLE>