EXHIBIT (11)----STATEMENT RE:  COMPUTATION OF DILUTED EARNINGS PER SHARE

Diluted  earnings  per  share computations assume the exercise of stock purchase
warrants  and  options  to  purchase  shares of common stock. The shares assumed
exercised  are  based  on  the  weighted  average number of warrants and options
outstanding  during  the  period and only include those warrants and options for
which the exercise price is less than the average share price during the period.
The  net  additional  shares issuable are calculated based on the treasury stock
method and are added to the weighted average number of shares outstanding during
the  period.




DILUTED EARNINGS PER SHARE FOR THE PERIOD ENDED JUNE 30, 2001     Three Months     Six Months
- -------------------------------------------------------------      ----------      ----------
                                                                            
Actual net income (A)                                             $ 2,885,179     $ 5,524,035
                                                                   ==========      ==========

Assumed exercise of stock options and warrants                        139,298         138,095
Application of assumed proceeds ($853,089 and $816,431)
  toward repurchase of outstanding common stock at an average
  market price of $8.759 and $8.619, respectively.                    (97,396)        (94,725)
                                                                   ----------      ----------
Net additional shares issuable                                         41,902          43,370
                                                                   ==========      ==========

Adjustment of shares outstanding:
  Weighted average common shares outstanding                        8,484,354       8,483,166
  Net additional shares issuable                                       41,902          43,370
                                                                   ----------      ----------
  Adjusted shares outstanding (B)                                   8,526,256       8,526,536
                                                                   ==========      ==========
Net income per common share (A) divided by (B)                    $      0.34     $      0.65
                                                                   ==========      ==========


DILUTED EARNINGS PER SHARE FOR THE PERIOD ENDED JUNE 30, 2000     Three Months     Six Months
- -------------------------------------------------------------      ----------      ----------
                                                                            
Actual net income (A)                                             $ 2,820,325     $ 4,948,073
                                                                   ==========      ==========

Assumed exercise of stock options and warrants                        222,977         221,411
Application of assumed proceeds ($1,469,118 and $1,448,945)
  toward repurchase of outstanding common stock at an average
  market price of $9.646 and $9.740, respectively.                   (152,303)       (148,762)
                                                                   ----------      ----------
Net additional shares issuable                                         70,674          72,649
                                                                   ==========      ==========

Adjustment of shares outstanding:
  Weighted average common shares outstanding                        8,443,980       8,442,139
  Net additional shares issuable                                       70,674          72,649
                                                                   ----------      ----------
  Adjusted shares outstanding (B)                                   8,514,654       8,514,788
                                                                   ==========      ==========
Net income per common share (A) divided by (B)                    $      0.33     $      0.58
                                                                   ==========      ==========