<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 144,906 <SECURITIES> 0 <RECEIVABLES> 1,190,357 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 6,107,822 <DEPRECIATION> 414,313 <TOTAL-ASSETS> 74,148,980 <CURRENT-LIABILITIES> 0 <BONDS> 5,110,491 <PREFERRED-MANDATORY> 0 <PREFERRED> 32,500,000 <COMMON> 105,710 <OTHER-SE> 28,596,987 <TOTAL-LIABILITY-AND-EQUITY> 74,148,980 <SALES> 33,370,720 <TOTAL-REVENUES> 33,370,720 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,040,006 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 399,368 <INCOME-PRETAX> 22,931,346 <INCOME-TAX> 4,703,785 <INCOME-CONTINUING> 27,635,131 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 27,635,131 <EPS-PRIMARY> 2.61 <EPS-DILUTED> 0