<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MARCH 31, 1996 AND THE QUARTER THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 10,349 <SECURITIES> 47,625 <RECEIVABLES> 0 <ALLOWANCES> 1,836 <INVENTORY> 0 <CURRENT-ASSETS> 232,989 <PP&E> 964 <DEPRECIATION> 79 <TOTAL-ASSETS> 232,989 <CURRENT-LIABILITIES> 211,006 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,592 <OTHER-SE> 6,391 <TOTAL-LIABILITY-AND-EQUITY> 232,989 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,539 <LOSS-PROVISION> 1,836 <INTEREST-EXPENSE> 1,664 <INCOME-PRETAX> 1,315 <INCOME-TAX> 538 <INCOME-CONTINUING> 777 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 777 <EPS-PRIMARY> .49 <EPS-DILUTED> .49