<ARTICLE> 5
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1998
<CASH> 7,334,572
<SECURITIES> 115,769,829
<RECEIVABLES> 5,789,632
<ALLOWANCES> (309,746)
<INVENTORY> 0
<CURRENT-ASSETS> 135,115,869
<PP&E> 17,448,593
<DEPRECIATION> 4,642,699
<TOTAL-ASSETS> 161,698,726
<CURRENT-LIABILITIES> 81,096,097
<BONDS> 43,457,854
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 3,034,897
<OTHER-SE> 34,109,878
<TOTAL-LIABILITY-AND-EQUITY> 161,698,726
<SALES> 6,825,530
<TOTAL-REVENUES> 7,504,575
<CGS> 4,980,627
<TOTAL-COSTS> 4,980,627
<OTHER-EXPENSES> 1,323,965
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,105,766
<INCOME-PRETAX> 94,217
<INCOME-TAX> 27,679
<INCOME-CONTINUING> 66,538
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 66,538
<EPS-PRIMARY> .02
<EPS-DILUTED> .02
<FN>
<F1>THE COMPANY HAS RESTATED EARNINGS PER SHARE TO COMPLY WITH THE PROVISIONS OF
SFAS NO. 128. BASIC EARNINGS PER SHARE FOR THE QUARTER ENDED SEPTEMBER 30,
1997 WAS RESTATED TO $.30. DILUTED EARNINGS PER SHARE FOR THE QUARTER ENDED
SEPTEMBER 30, 1997 WAS RESTATED TO $.27.
</FN>