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                              EXHIBIT 11

            Statement Re Computation of Per Share Earnings


                              Quarter ended         Six months ended    
                                June 30,               June 30, 
                          ---------------------  ---------------------
                             1995       1994        1995       1994   
                          ---------- ----------  ---------- ----------
Primary
-------
Net earnings             $ 7,761,000  4,461,000  14,901,000  8,405,000 
                          ========== ==========  ========== ==========
Common and common 
 equivalent shares 
 outstanding:
  Weighted average 
   common shares 
   outstanding 
   during the period      19,714,928 19,714,828  19,714,928 19,714,828 
  Assumed exercise of
   stock options             101,238     68,527     104,455     57,460 
                          ---------- ----------  ---------- ----------
                          19,816,166 19,783,355  19,819,383 19,772,288 
                          ========== ==========  ========== ==========
Earnings per share of 
 common stock            $       .39        .23         .75        .43 


Fully diluted
-------------
Net earnings             $ 7,761,000  4,461,000  14,901,000  8,405,000  
                          ========== ==========  ========== ==========
Common and common 
 equivalent shares 
 outstanding:
  Weighted average 
   common shares 
   outstanding 
   during the period      19,714,928 19,714,828  19,714,928 19,714,828 
  Assumed exercise of 
   stock options             101,238     68,527     121,209     61,604 
                          ---------- ----------  ---------- ----------
                          19,816,166 19,783,355  19,836,137 19,776,432 
                          ========== ==========  ========== ==========
Earnings per share of 
 common stock            $       .39        .23         .75        .43

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