<ARTICLE> 9
<LEGEND> This schedule contains summary financial information extracted from 
financial statements as of and for the 3 months ended March 31, 1997 and March 
31, 1996 and is qualified in its entirety by reference to such financial 
statements. 
</LEGEND>
<MULTIPLIER> 1,000
       
                                                    
<PERIOD-TYPE>                   3-MOS                    3-MOS
<FISCAL-YEAR-END>                         DEC-31-1997              DEC-31-1996
<PERIOD-START>                            JAN-01-1997              JAN-01-1996
<PERIOD-END>                              MAR-31-1997              MAR-31-1996
<CASH>                                         11,917                    6,014
<INT-BEARING-DEPOSITS>                            997                    1,591
<FED-FUNDS-SOLD>                                    0                        0
<TRADING-ASSETS>                                    0                        0
<INVESTMENTS-HELD-FOR-SALE>                   166,179                  251,246
<INVESTMENTS-CARRYING>                         60,631                   71,195
<INVESTMENTS-MARKET>                           60,025                   71,377
<LOANS>                                       383,117                  235,118
<ALLOWANCE>                                    20,501                    4,043
<TOTAL-ASSETS>                                635,447                  579,731
<DEPOSITS>                                    360,676                  329,152
<SHORT-TERM>                                  178,899                   93,872
<LIABILITIES-OTHER>                            12,609                   10,580
<LONG-TERM>                                    30,804                   84,499
<COMMON>                                            0                        0
<PREFERRED-MANDATORY>                          52,459                   61,628
<PREFERRED>                                         0                        0
<OTHER-SE>                                          0                        0
<TOTAL-LIABILITIES-AND-EQUITY>                635,447                  579,731
<INTEREST-LOAN>                                 9,741                    5,010
<INTEREST-INVEST>                               3,728                    6,339
<INTEREST-OTHER>                                  215                      115
<INTEREST-TOTAL>                               13,684                   11,464
<INTEREST-DEPOSIT>                              4,113                    3,760
<INTEREST-EXPENSE>                              6,857                    6,483
<INTEREST-INCOME-NET>                           6,827                    4,981
<LOAN-LOSSES>                                  14,514                      650
<SECURITIES-GAINS>                                 11                      596
<EXPENSE-OTHER>                                 5,776                    3,809
<INCOME-PRETAX>                              (11,847)                    1,394
<INCOME-PRE-EXTRAORDINARY>                    (7,579)                      940
<EXTRAORDINARY>                                     0                        0
<CHANGES>                                           0                        0
<NET-INCOME>                                  (7,579)                      940
<EPS-PRIMARY>                                  (2.15)                     0.23
<EPS-DILUTED>                                  (2.15)                     0.23
<YIELD-ACTUAL>                                   9.24                     7.81
<LOANS-NON>                                    10,250                    3,890
<LOANS-PAST>                                        0                        0
<LOANS-TROUBLED>                                    0                        0
<LOANS-PROBLEM>                                     0                        0
<ALLOWANCE-OPEN>                                7,208                    3,460
<CHARGE-OFFS>                                   1,272                       67
<RECOVERIES>                                       51                        0
<ALLOWANCE-CLOSE>                              20,501                    4,043
<ALLOWANCE-DOMESTIC>                           18,191                    1,629
<ALLOWANCE-FOREIGN>                                 0                        0
<ALLOWANCE-UNALLOCATED>                         2,310                    2,354