<TABLE> <S> <C>


<ARTICLE>                     9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S BALANCE SHEET AS OF MARCH 31, 1999 AND STATEMENT OF EARNINGS FOR THE
THREE MONTHS ENDED MARCH 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                         1,000

<S>                                            <C>
<PERIOD-TYPE>                                        3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                               1,364
<INT-BEARING-DEPOSITS>                                   0
<FED-FUNDS-SOLD>                                         0
<TRADING-ASSETS>                                         0
<INVESTMENTS-HELD-FOR-SALE>                        157,865
<INVESTMENTS-CARRYING>                             157,865
<INVESTMENTS-MARKET>                               157,865
<LOANS>                                             80,569
<ALLOWANCE>                                              0
<TOTAL-ASSETS>                                     341,788
<DEPOSITS>                                               0
<SHORT-TERM>                                       199,272
<LIABILITIES-OTHER>                                  7,782
<LONG-TERM>                                         56,368
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                           166,981
<OTHER-SE>                                         (88,615)
<TOTAL-LIABILITIES-AND-EQUITY>                     341,788
<INTEREST-LOAN>                                      1,928
<INTEREST-INVEST>                                    4,428
<INTEREST-OTHER>                                       728
<INTEREST-TOTAL>                                     7,084
<INTEREST-DEPOSIT>                                       0
<INTEREST-EXPENSE>                                   3,693
<INTEREST-INCOME-NET>                                3,391
<LOAN-LOSSES>                                       (1,150)
<SECURITIES-GAINS>                                       0
<EXPENSE-OTHER>                                      2,675
<INCOME-PRETAX>                                      1,767
<INCOME-PRE-EXTRAORDINARY>                           1,767
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                         1,767
<EPS-BASIC>                                         0.15
<EPS-DILUTED>                                         0.15
<YIELD-ACTUAL>                                           0
<LOANS-NON>                                              0
<LOANS-PAST>                                             0
<LOANS-TROUBLED>                                         0
<LOANS-PROBLEM>                                          0
<ALLOWANCE-OPEN>                                         0
<CHARGE-OFFS>                                            0
<RECOVERIES>                                             0
<ALLOWANCE-CLOSE>                                        0
<ALLOWANCE-DOMESTIC>                                     0
<ALLOWANCE-FOREIGN>                                      0
<ALLOWANCE-UNALLOCATED>                                  0



</TABLE>