EXHIBIT 11.1




                     Computation of Earnings Per Share Data
 
    The following formulas were used to calculate the earnings per share data
shown in the Consolidated Statements of Income and Retained Earnings for the
three months and six months ended June 30, 1997 and June 30, 1996 included in
this Report.
 
                                       CALCULATION


THREE MONTHS ENDED

June 30, 1997     Net Income      Net Income              =  $1,657,000 = $ .28
                                  ----------------------    -----------
                  per common      Weighted average shares     5,994,114 
                  share           of Common Stock for the 
                                  period

June 30, 1996     Net Income      Net Income              =  $ 618,000 = $ .10
                                  -----------------------    -----------    
                  per common      Weighted average shares     5,986,923 
                  share           of Common Stock for the 
                                  period
 
SIX MONTHS ENDED
 
June 30, 1997     Net Income      Net Income              =  $ 3,202,000 = $ .53
                                  -----------------------    -----------
                  per common      Weighted average shares      5,992,987 
                  share           of Common Stock for the 
                                  period
 
June 30, 1996     Net Income      Net Income              =  $   631,000 = $ .10
                                  -----------------------    -----------
                  per common      Weighted average shares      6,060,658 
                  share           of Common Stock for the 
                                  period
 
For purposes of calculating earnings per share, there were 5,994,114 and 
5,992,987 weighted average shares of common stock outstanding during the 
three months and six months ended June 30, 1997 and 5,986,923 and 6,060,658 
weighted average shares of common stock outstanding during the three months 
and six months ended June 30, 1996. The effect of the Company's stock option 
plans was anti-dilutive for all periods presented.