EXHIBIT (11.1)----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 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 SEPTEMBER 30, 2002     Three Months    Nine Months
- ------------------------------------------------------------------      ----------      ---------
                                                                                 
Actual net income (A)                                                  $ 3,957,466     $12,597,066
                                                                        ==========      ==========

Assumed exercise of stock options and warrants                              86,815          93,476
Application of assumed proceeds ($950,231 and $988,834)
  toward repurchase of outstanding common stock at an average
  market price of $21.880 and $21.900, respectively.                       (43,429)        (45,152)
                                                                        ----------      ----------
Net additional shares issuable                                              43,386          48,324
                                                                        ==========      ==========

Adjustment of shares outstanding:
  Weighted average common shares outstanding                            11,263,392      10,466,381
  Net additional shares issuable                                            43,386          48,324
                                                                        ----------      ----------
  Adjusted shares outstanding (B)                                       11,306,778      10,514,705
                                                                        ==========      ==========
Net income per common share (A) divided by (B)                         $      0.35     $      1.20
                                                                        ==========      ==========


DILUTED EARNINGS PER SHARE FOR THE PERIOD ENDED SEPTEMBER 30, 2001     Three Months    Nine Months
- ------------------------------------------------------------------      ----------      ---------
                                                                                 
Actual net income (A)                                                  $ 2,001,586     $ 7,525,621
                                                                        ==========      ==========

Assumed exercise of stock options and warrants                             109,000         113,623
Application of assumed proceeds ($1,013,375 and $727,987)
  toward repurchase of outstanding common stock at an average
  market price of $10.442 and $9.226, respectively.                        (97,048)        (78,906)
                                                                        ----------      ----------
Net additional shares issuable                                              11,952          34,717
                                                                        ==========      ==========

Adjustment of shares outstanding:
  Weighted average common shares outstanding                             8,525,334       8,524,546
  Net additional shares issuable                                            11,952          34,717
                                                                        ----------      ----------
  Adjusted shares outstanding (B)                                        8,537,286       8,559,263
                                                                        ==========      ==========
Net income per common share (A) divided by (B)                         $      0.23     $      0.88
                                                                        ==========      ==========