<TABLE> <S> <C>
<PAGE>
<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.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 32,221
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 1,378
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 112,748
<INVESTMENTS-CARRYING> 0
<INVESTMENTS-MARKET> 0
<LOANS> 469,039
<ALLOWANCE> (5,957)
<TOTAL-ASSETS> 647,519
<DEPOSITS> 545,379
<SHORT-TERM> 51,143
<LIABILITIES-OTHER> 1,966
<LONG-TERM> 0
0
0
<COMMON> 31,220
<OTHER-SE> 17,542
<TOTAL-LIABILITIES-AND-EQUITY> 647,519
<INTEREST-LOAN> 19,385
<INTEREST-INVEST> 3,070
<INTEREST-OTHER> 203
<INTEREST-TOTAL> 22,658
<INTEREST-DEPOSIT> 8,371
<INTEREST-EXPENSE> 9,392
<INTEREST-INCOME-NET> 13,266
<LOAN-LOSSES> 2,135
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 10,931
<INCOME-PRETAX> 4,784
<INCOME-PRE-EXTRAORDINARY> 3,436
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,436
<EPS-BASIC> 0.55
<EPS-DILUTED> 0.54
<YIELD-ACTUAL> 4.68
<LOANS-NON> 2,782
<LOANS-PAST> 147
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 6,362
<CHARGE-OFFS> (1,657)
<RECOVERIES> 77
<ALLOWANCE-CLOSE> 5,957
<ALLOWANCE-DOMESTIC> 0
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>