<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S BALANCE SHEET AS OF JUNE 30, 1999 AND STATEMENT OF EARNINGS FOR THE
SIX MONTHS ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                 1,000

<S>                                          <C>
<PERIOD-TYPE>                                6-MOS
<FISCAL-YEAR-END>                            DEC-31-1999
<PERIOD-START>                               JAN-01-1999
<PERIOD-END>                                 JUN-30-1999
<CASH>                                             9,223
<INT-BEARING-DEPOSITS>                                 0
<FED-FUNDS-SOLD>                                       0
<TRADING-ASSETS>                                       0
<INVESTMENTS-HELD-FOR-SALE>                      120,534
<INVESTMENTS-CARRYING>                           120,534
<INVESTMENTS-MARKET>                             120,534
<LOANS>                                           32,107
<ALLOWANCE>                                        5,418
<TOTAL-ASSETS>                                   297,247
<DEPOSITS>                                             0
<SHORT-TERM>                                     160,454
<LIABILITIES-OTHER>                                7,413
<LONG-TERM>                                       55,864
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                         166,981
<OTHER-SE>                                       (93,465)
<TOTAL-LIABILITIES-AND-EQUITY>                   297,247
<INTEREST-LOAN>                                    3,122
<INTEREST-INVEST>                                  8,734
<INTEREST-OTHER>                                   1,508
<INTEREST-TOTAL>                                  13,364
<INTEREST-DEPOSIT>                                     0
<INTEREST-EXPENSE>                                 7,038
<INTEREST-INCOME-NET>                              6,326
<LOAN-LOSSES>                                     (1,150)
<SECURITIES-GAINS>                                     0
<EXPENSE-OTHER>                                   15,232
<INCOME-PRETAX>                                   (8,714)
<INCOME-PRE-EXTRAORDINARY>                        (8,714)
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                      (8,714)
<EPS-BASIC>                                      (0.76)
<EPS-DILUTED>                                      (0.76)
<YIELD-ACTUAL>                                         0
<LOANS-NON>                                            0
<LOANS-PAST>                                       6,150
<LOANS-TROUBLED>                                       0
<LOANS-PROBLEM>                                        0
<ALLOWANCE-OPEN>                                  11,107
<CHARGE-OFFS>                                      2,403
<RECOVERIES>                                         388
<ALLOWANCE-CLOSE>                                  5,418
<ALLOWANCE-DOMESTIC>                                 406
<ALLOWANCE-FOREIGN>                                4,451
<ALLOWANCE-UNALLOCATED>                              561



</TABLE>