<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONDENSED
BALANCE SHEET AND STATEMENT OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>  1,000
       
                                                  
<PERIOD-TYPE>                   6-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995             DEC-31-1994
<PERIOD-START>                             JAN-01-1996             JAN-01-1995
<PERIOD-END>                               JUN-30-1996             JUN-30-1995
<CASH>                                          31,344                   2,284
<INT-BEARING-DEPOSITS>                               0                       0
<FED-FUNDS-SOLD>                                     0                       0
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                     40,152                  17,378
<INVESTMENTS-CARRYING>                         289,208                       0
<INVESTMENTS-MARKET>                                 0                       0
<LOANS>                                        290,321                 583,021
<ALLOWANCE>                                      3,000                     100
<TOTAL-ASSETS>                                 671,641                 613,688
<DEPOSITS>                                           0                       0
<SHORT-TERM>                                   303,046                 567,727
<LIABILITIES-OTHER>                              6,560                     725
<LONG-TERM>                                    279,462                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                            68                      43
<OTHER-SE>                                      82,505                  45,193
<TOTAL-LIABILITIES-AND-EQUITY>                 671,641                 613,688
<INTEREST-LOAN>                                      0                       0
<INTEREST-INVEST>                               27,927                   2,100
<INTEREST-OTHER>                                     0                       0
<INTEREST-TOTAL>                                27,927                   2,100
<INTEREST-DEPOSIT>                                   0                       0
<INTEREST-EXPENSE>                              19,452                     177
<INTEREST-INCOME-NET>                            8,475                   1,923
<LOAN-LOSSES>                                    2,900                     195
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                                  1,746                      67
<INCOME-PRETAX>                                  3,829                   1,661
<INCOME-PRE-EXTRAORDINARY>                           0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     3,829                   1,685
<EPS-PRIMARY>                                      .85                       0
<EPS-DILUTED>                                      .85                       0
<YIELD-ACTUAL>                                       0                       0
<LOANS-NON>                                        215                     164
<LOANS-PAST>                                         0                       0
<LOANS-TROUBLED>                                     0                       0
<LOANS-PROBLEM>                                      0                       0
<ALLOWANCE-OPEN>                                     0                       0
<CHARGE-OFFS>                                        0                       0
<RECOVERIES>                                         0                       0
<ALLOWANCE-CLOSE>                                    0                       0
<ALLOWANCE-DOMESTIC>                                 0                       0
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                              0                       0