<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM DECEMBER 31,
1999 ANNUAL REPORT ON FORM 10-K AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               DEC-31-1999
<CASH>                                           3,302
<SECURITIES>                                   162,682
<RECEIVABLES>                                    1,148
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 4,462
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 167,144
<CURRENT-LIABILITIES>                          150,589
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        18,865
<OTHER-SE>                                     (2,351)
<TOTAL-LIABILITY-AND-EQUITY>                   167,144
<SALES>                                              0
<TOTAL-REVENUES>                                 9,501
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                   400
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               7,892
<INCOME-PRETAX>                                  1,209
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              1,209
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,209
<EPS-BASIC>                                       0.53
<EPS-DILUTED>                                     0.53