<PAGE> 1
EXHIBIT NUMBER 11.1
11.1 Statement re computation of per share earnings
The following table shows the computation of the basic and diluted earnings per
share for the six months ended June 30 (dollars in thousands, except per share
amounts):
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------
Net income Weighted average Earnings per share
number of shares
-------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
6/30/00
-------------------------------------------------------------------------------------------------------------
Earnings per share, $3,298 7,442,410 $.44
basic
-------------------------------------------------------------------------------------------------------------
Effect of stock 297,692
options-net -------
-------------------------------------------------------------------------------------------------------------
Earnings per share, $3,298 7,740,102 $.43
diluted
-------------------------------------------------------------------------------------------------------------
6/30/99
-------------------------------------------------------------------------------------------------------------
Earnings per share, $3,173 7,384,147 $.43
basic
-------------------------------------------------------------------------------------------------------------
Effect of stock 153,574
options-net -------
-------------------------------------------------------------------------------------------------------------
Earnings per share, $3,173 7,537,721 $.42
diluted
-------------------------------------------------------------------------------------------------------------
</TABLE>
15. Letter re unaudited interim financial information