[MULTIPLIER]          1,000


                             For the years ended December 31,
                             1996         1995          1994
                                               
Net income (loss) 
Net income (loss)           $(6,598)      $3,874        $4,550
Undeclared dividends on 
   redeemable preferred stock                       
                             ------        -----         ------
Net income (loss) available 
   to common stockholders   $(6,598)      $3,874         $4,550

Weighted average number of shares 
Primary: 
   Average common shares 
     outstanding          5,734,187    5,757,054        5,637,842 
   Common share equivalents 
     resulting from 
     assumed exercise 
     of stock options           988        1,679          208,210 
                         ----------    ---------        ---------
                          5,735,175    5,758,733        5,846,052 
                         ==========    =========        =========
Fully diluted: 
   Average common shares 
     outstanding          5,734,187    5,757,054        5,637,842 
   Common share equivalents 
     resulting from 
     assumed exercise 
     of stock options           988        1,679          208,210 
                         ----------    ---------        ---------
                          5,735,175    5,758,733        5,846,052 
                          =========    =========        =========
Earnings (loss) per common share: 
  Primary                    $(1.15)        $.67             $.78 
  Fully                      $(1.15)        $.67             $.78 



     Primary earnings (loss) per common share are computed by 
dividing net income (loss), after deduction of undeclared 
dividends on redeemable preferred stock, by the weighted average 
number of common shares and common share equivalents outstanding 
during each presented period.  Common share equivalents are 
computed using the treasury stock method.  Under the treasury 
stock method, an average market price is used to determine the 
number of common share equivalents for primary earnings (loss) 
per common share.  The higher of the average or the end of period 
market price is used to determine the number of common share 
equivalents for fully diluted earnings (loss) per common share.