EXHIBIT 11 STATEMENT RE:	COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE 			 YEAR ENDED DECEMBER 31, ___________________________ 1998 1997 1996 ____ ____ ____ BASIC EARNINGS PER SHARE Net Income $23,053 $18,666 $16,767 ======= ======= ======= Weighted average shares outstanding 13,431 13,367 13,304 ======= ======= ======= Basic earnings per share $ 1.72 $ 1.40 $ 1.26 ======= ======= ======= DILUTED EARNINGS PER SHARE Weighted average number of shares outstanding 13,431 13,367 13,304 Net effect of dilutive stock options, based on the treasury stock method 1 4 8 _______ _______ _______ Total diluted shares used in Computation 13,432 13,371 13,312 ======= ======= ======== Diluted earnings per share $ 1.72 $ 1.40 $ 1.26 ======= ======= ========