<ARTICLE> 9
<LEGEND>
The schedule contains summary financial information extracted from Palmetto
Bancshares, Inc. and subsidiary Consolidated Income Statements and Consolidated
Balance Sheets and is qualified in its entirety by reference to such financial
statements.


                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                          30,484
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    112,476
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        484,909
<ALLOWANCE>                                    (5,663)
<TOTAL-ASSETS>                                 656,037
<DEPOSITS>                                     557,305
<SHORT-TERM>                                    45,789
<LIABILITIES-OTHER>                              2,570
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        31,235
<OTHER-SE>                                      19,138
<TOTAL-LIABILITIES-AND-EQUITY>                 656,037
<INTEREST-LOAN>                                 29,719
<INTEREST-INVEST>                                4,648
<INTEREST-OTHER>                                   268
<INTEREST-TOTAL>                                34,635
<INTEREST-DEPOSIT>                              12,994
<INTEREST-EXPENSE>                              14,753
<INTEREST-INCOME-NET>                           19,882
<LOAN-LOSSES>                                    2,935
<SECURITIES-GAINS>                                   4
<EXPENSE-OTHER>                                 16,650
<INCOME-PRETAX>                                  7,195
<INCOME-PRE-EXTRAORDINARY>                       5,239
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,239
<EPS-BASIC>                                       0.84
<EPS-DILUTED>                                     0.82
<YIELD-ACTUAL>                                    8.00
<LOANS-NON>                                      3,221
<LOANS-PAST>                                       187
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 6,362
<CHARGE-OFFS>                                   (3,803)
<RECOVERIES>                                       169
<ALLOWANCE-CLOSE>                                5,663
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0