<ARTICLE> 5 <CIK>0000883369 <NAME>FIRST MORTGAGE CORPORATION <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> MAR-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 5,903 <SECURITIES> 0 <RECEIVABLES> 9,623 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 2,433 <DEPRECIATION> 1,841 <TOTAL-ASSETS> 50,923 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,147 <OTHER-SE> 20,501 <TOTAL-LIABILITY-AND-EQUITY> 50,923 <SALES> 0 <TOTAL-REVENUES> 18,104 <CGS> 0 <TOTAL-COSTS> 16,178 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,926 <INCOME-TAX> 811 <INCOME-CONTINUING> 1,115 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,115 <EPS-PRIMARY> 0.19 <EPS-DILUTED> 0.19