<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF INCOME FROM THE
DECEMBER 31, 1996 FORM 10-K REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<S>                             <C>                     <C>
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1995
<PERIOD-START>                             JAN-01-1996             JAN-01-1995
<PERIOD-END>                               DEC-31-1996             DEC-31-1995
<CASH>                                       8,482,000              10,937,000
<SECURITIES>                                         0                       0
<RECEIVABLES>                                3,217,000               3,330,000
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                            11,818,000              20,629,000
<PP&E>                                               0                       0
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                             134,067,000             126,803,000
<CURRENT-LIABILITIES>                       13,058,000              17,808,000
<BONDS>                                      8,102,000               5,342,000
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                       315,000                 314,000
<OTHER-SE>                                  81,133,000              68,383,000
<TOTAL-LIABILITY-AND-EQUITY>               134,067,000             126,803,000
<SALES>                                              0                       0
<TOTAL-REVENUES>                            15,414,000              11,108,000
<CGS>                                                0                       0
<TOTAL-COSTS>                                3,312,000               3,792,000
<OTHER-EXPENSES>                             3,837,000               4,201,000
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             819,000                 665,000
<INCOME-PRETAX>                              7,446,000               2,450,000
<INCOME-TAX>                                 4,877,000               1,056,000
<INCOME-CONTINUING>                          2,569,000               1,394,000
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 2,569,000               1,394,000
<EPS-PRIMARY>                                     0.24                    0.13
<EPS-DILUTED>                                     0.24                    0.13


</TABLE>