<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 10-Q DATED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-START> JAN-01-1997 JAN-01-1996 <PERIOD-END> MAR-31-1997 MAR-31-1996 <CASH> 15,973 17,068 <INT-BEARING-DEPOSITS> 0 0 <FED-FUNDS-SOLD> 0 0 <TRADING-ASSETS> 0 0 <INVESTMENTS-HELD-FOR-SALE> 0 0 <INVESTMENTS-CARRYING> 0 0 <INVESTMENTS-MARKET> 60,268 33,243 <LOANS> 1,008,940 509,941 <ALLOWANCE> (5,176) (2,415) <TOTAL-ASSETS> 1,125,950 582,180 <DEPOSITS> 0 0 <SHORT-TERM> 556,259 528,745 <LIABILITIES-OTHER> 8,200 6,819 <LONG-TERM> 431,872 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 95 43 <OTHER-SE> 129,724 46,573 <TOTAL-LIABILITIES-AND-EQUITY> 1,125,950 582,180 <INTEREST-LOAN> 23,080 13,010 <INTEREST-INVEST> 0 0 <INTEREST-OTHER> 0 0 <INTEREST-TOTAL> 23,080 13,010 <INTEREST-DEPOSIT> 0 0 <INTEREST-EXPENSE> 15,322 9,009 <INTEREST-INCOME-NET> 7,758 4,001 <LOAN-LOSSES> 1,464 2,415 <SECURITIES-GAINS> 648 0 <EXPENSE-OTHER> 1,228 606 <INCOME-PRETAX> 5,914 1,694 <INCOME-PRE-EXTRAORDINARY> 5,914 1,694 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 5,914 5,914 <EPS-PRIMARY> .58 .39 <EPS-DILUTED> .58 .39 <YIELD-ACTUAL> 0 0 <LOANS-NON> 0 0 <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