<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