<TABLE>
<CAPTION>
Exhibit 11- Statement Re Computation of Earnings Per Share
Three Months Ended Six Months Ended
June 30, June 30,
------------------------ -------------------------
2000 1999 2000 1999
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Basic:
Average shares outstanding 7,231,305 7,619,578 7,310,519 7,688,277
========= ========= ========= =========
Net income $3,884,120 $3,225,893 $7,542,926 $6,627,600
========= ========= ========= =========
Per share amount $0.54 $0.43 $1.03 $0.87
==== ==== ==== ====
Diluted:
Average shares outstanding 7,231,305 7,619,578 7,310,519 7,688,277
Net effect of dilutive stock options -
based on the treasury stock method
using average market price 150,898 101,976 136,110 101,976
--------- --------- --------- ---------
Diluted shares 7,382,203 7,721,554 7,446,629 7,790,253
========= ========= ========= =========
Net income $3,884,120 $3,225,893 $7,542,926 $6,627,600
========= ========= ========= =========
Per share amount $0.53 $0.42 $1.01 $0.86
==== ==== ==== ====
<FN>
Note: Antidilutive stock options totaling 120,900 and -0- shares were not
included in the calculation of diluted earnings per share at June 30, 2000 and
1999, respectively.
</FN>
</TABLE>