EXHIBIT 11
                                  ----------
                       COMPUTATION OF EARNINGS PER SHARE



                                                       Three Months Ended
                                              --------------------------------- 
                                                             March 31,
                                              ---------------------------------
                                                  1996             1995
                                              ---------------------------------
                                            (in thousands, except per share data)
                                                           
Primary:
Net Income                                     $  4,159        $   3,338  
                                                =======         ========  
Weighted average number of                                               
   common shares outstanding                      9,597            9,716 
                                                                         
Add:                                                                     
Dilutive effect of outstanding options,                                  
   as determined by the application                                      
   of the treasury stock method using                                    
   the average market price of the Company's                             
   common stock                                     325              216 
                                                -------         --------  
                                                                         
Weighted average number of common                                        
   and common equivalent shares                   9,922            9,932 
                                                -------         --------   
                                                                         
Primary earnings per share                     $    .42        $     .34 
                                                =======         ========  
                                                                         
Fully diluted:                                                           
                                                                         
Weighted average number of common                                        
  and common equivalent shares                    9,922            9,932 
                                                                         
Add:                                                                     
Additional dilutive effect of outstanding                                
  options, as determined by the application                              
  of the treasury stock method using the                                 
  quarter end market price of the Company's                              
  common stock                                       22                4 
                                                -------         --------   
                                                                         
Weighted average number of common                                        
  shares fully diluted                            9,944            9,936 
                                                -------         --------   
                                                                         
Fully diluted earnings per share               $    .42*       $     .34*  
                                                =======         ========  


*Not presented in Financial Statements since dilutive effect is less than 3%.