<TABLE>
Exhibit 11. Computation Re: Earnings Per Share
(dollars in thousands, except per share amounts)
<CAPTION>
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Three Months Ended, Six Months Ended,
-------------------------------------------------- --------------------------------------------------------
June 30, 2000 June 30, 1999 June 30, 2000 June 30, 1999
----------------------- -------------------------- -------------------------- -----------------------------
Weighted Per Weighted Per Weighted Per Weighted Per
Average Share Average Share Average Share Average Share
Income Shares Amount Income Shares Amount Income Shares Amount Income Shares Amount
------ -------- ------- ------- --------- -------- -------- --------- ------- ------ -------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Basic Earnings per
Common Share
Income available to
common shareholders $2,292 6,518 $0.35 $2,478 7,212 $0.34 $4,182 6,552 $0.64 $4,764 7,209 $0.66
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Effect of Dilutive Shares
Options issued to
management 23 33 26 35
-------- --------- --------- -------
Diluted Earnings per
Common Share $2,292 6,541 $0.35 $2,478 7,245 $0.34 $4,182 6,578 $0.64 $4,764 7,244 $0.66
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</TABLE>
