EXHIBIT 11
                       COMPUTATIONS OF EARNINGS PER SHARE

                                  (in thousands
                           except earnings per share)
                                   (unaudited)



                                                      For the three months                      For the nine months
                                                      ended September 30,                       ended September 30,
                                                   1997                 1996                  1997               1996

Shares used in the computation of earnings per share:
                                                                                                           
Weighted daily average
  of shares outstanding                             4,657,719            4,498,831            4,649,468          4,476,299

  Shares used in the computation of
    primary earnings per shares                     4,833,158            4,673,451            4,827,288          4,657,051
                                              ================     ================       ==============     ==============
  Shares used in the computation of
   fully diluted earnings per share                 4,849,605            4,713,229            4,851,197          4,680,967
                                              ================     ================       ==============     ==============

Net income used in the computation of earnings per common share:

  Net income, as reported                      $        1,614       $        1,821          $     4,257       $      5,269
                                              ================     ================       ==============     ==============

  Primary earnings per share                   $         0.33      $          0.39         $       0.88      $        1.13
                                              ================     ================       ==============     ==============

  Fully diluted earnings per share             $         0.33      $          0.39         $       0.88      $        1.13
                                              ================     ================       ==============     ==============