<ARTICLE> 5 <CIK> 0000883811 <NAME> IMPERIAL CREDIT INDUSTRIES INC <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS 12-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-START> JAN-01-1996 JAN-01-1995 <PERIOD-END> DEC-31-1996 DEC-31-1995 <CASH> 0 526 <SECURITIES> 39,349 0 <RECEIVABLES> 98,915 181,254 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 1,162 235 <DEPRECIATION> 117 7 <TOTAL-ASSETS> 160,176 189,048 <CURRENT-LIABILITIES> 0 0 <BONDS> 0 111,995 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 14,457 3,773 <TOTAL-LIABILITY-AND-EQUITY> 160,176 189,048 <SALES> 18,671 0 <TOTAL-REVENUES> 21,566 588 <CGS> 1,641 239 <TOTAL-COSTS> 12,242 1,247 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 14,489 1,690 <INCOME-PRETAX> 9,324 (659) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 9,324 (659) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 9,324 (659) <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0