<ARTICLE> 5 <LEGEND> EPS-PRIMARY AND EPS-DILUTED ARE CALCULATED FROM FEBRUARY 2, 1998 (DATE OF INITIAL CAPITALIZATION) THROUGH DECEMBER 31, 1998. THE COMPANY HAD NO EARNINGS PRIOR TO THE COMMENCEMENT OF ITS OPERATIONS ON MAY 12, 1998. WHEN CALCULATED FOR THE PERIOD FROM MAY 12, 1998 (INCEPTION OF OPERATIONS) THROUGH DECEMBER 31, 1998, THE COMPANY'S BASIC AND DILUTED EARNINGS WERE $0.39 PER COMMON SHARE. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS 11-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-START> JAN-01-1999 FEB-01-1998 <PERIOD-END> DEC-31-1999 DEC-31-1998 <CASH> 4,604 9,789 <SECURITIES> 24,569 28,754 <RECEIVABLES> 3,991 3,681 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 87,282 37,146 <DEPRECIATION> 1,352 100 <TOTAL-ASSETS> 231,244 190,926 <CURRENT-LIABILITIES> 78,167 941 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 100 100 <OTHER-SE> 117,851 130,166 <TOTAL-LIABILITY-AND-EQUITY> 231,244 190,926 <SALES> 0 0 <TOTAL-REVENUES> 23,393 8,745 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 7,742 2,858 <LOSS-PROVISION> 3,322 1,368 <INTEREST-EXPENSE> 5,593 567 <INCOME-PRETAX> 7,320 3,952 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 7,320 3,952 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 7,320 3,952 <EPS-BASIC> 0.73 0.56 <EPS-DILUTED> 0.73 0.56