<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S BALANCE SHEET AS OF MARCH 31, 1999 AND STATEMENT OF EARNINGS
FOR THE THREE MONTHS ENDED MARCH 31, 1999 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>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                           1,364
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    157,865
<INVESTMENTS-CARRYING>                         157,865
<INVESTMENTS-MARKET>                           157,865
<LOANS>                                         80,569
<ALLOWANCE>                                          0
<TOTAL-ASSETS>                                 341,788
<DEPOSITS>                                           0
<SHORT-TERM>                                   199,272
<LIABILITIES-OTHER>                              7,782
<LONG-TERM>                                     56,368
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       166,981
<OTHER-SE>                                     (88,615)
<TOTAL-LIABILITIES-AND-EQUITY>                 341,788
<INTEREST-LOAN>                                  1,928
<INTEREST-INVEST>                                4,428
<INTEREST-OTHER>                                   728
<INTEREST-TOTAL>                                 7,084
<INTEREST-DEPOSIT>                                   0
<INTEREST-EXPENSE>                               3,693
<INTEREST-INCOME-NET>                            3,391
<LOAN-LOSSES>                                   (1,150)
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                  2,675
<INCOME-PRETAX>                                  1,767
<INCOME-PRE-EXTRAORDINARY>                       1,767
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,767
<EPS-PRIMARY>                                     0.15
<EPS-DILUTED>                                     0.15
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                     0
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                    0
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0