<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM JUNE 30,
2000 QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             APR-01-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                           3,562
<SECURITIES>                                   149,512
<RECEIVABLES>                                    1,117
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 4,723
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 154,235
<CURRENT-LIABILITIES>                          138,032
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        18,946
<OTHER-SE>                                     (3,273)
<TOTAL-LIABILITY-AND-EQUITY>                   154,235
<SALES>                                              0
<TOTAL-REVENUES>                                 2,646
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                    97
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,181
<INCOME-PRETAX>                                    368
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                368
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       368
<EPS-BASIC>                                       0.16
<EPS-DILUTED>                                     0.16