<ARTICLE>                            5
<MULTIPLIER>                     1,000
       
                                
<PERIOD-TYPE>                        3-MOS
<FISCAL-YEAR-END>               DEC-31-1997
<PERIOD-END>                    MAR-31-1997
<CASH>                          29,413
<SECURITIES>                    28,285
<RECEIVABLES>                  103,864
<ALLOWANCES>                      4,626
<INVENTORY>                          0
<CURRENT-ASSETS>                     0
<PP&E>                               0
<DEPRECIATION>                       0
<TOTAL-ASSETS>                 169,029
<CURRENT-LIABILITIES>                0
<BONDS>                         46,995
<PREFERRED-MANDATORY>                0
<PREFERRED>                          0
<COMMON>                            55
<OTHER-SE>                      44,462
<TOTAL-LIABILITY-AND-EQUITY>   169,029
<SALES>                              0
<TOTAL-REVENUES>                  6,407
<CGS>                                0
<TOTAL-COSTS>                        0
<OTHER-EXPENSES>                     0
<LOSS-PROVISION>                   435
<INTEREST-EXPENSE>               2,394
<INCOME-PRETAX>                  1,862
<INCOME-TAX>                       717
<INCOME-CONTINUING>              1,145
<DISCONTINUED>                       0
<EXTRAORDINARY>                      0
<CHANGES>                            0
<NET-INCOME>                     1,145
<EPS-PRIMARY>                      .20
<EPS-DILUTED>                      .20