1
                                                            Exhibit 11.1


                   (COMPUTATION OF EARNINGS PER SHARE)


                                            FOR THE           NINE MONTH
                                           YEAR ENDED        PERIOD ENDED
                                       DECEMBER 31, 1996  SEPTEMBER 30, 1997
                                       -----------------  ------------------
                                                       
Net Income                                $ 6,212,231        $ 6,422,418
                                          ===========        ===========

Shares:

   Weighted Average Number of
       Common Shares and Common
       Share Equivalents during the
       period                              10,602,547         10,802,499


   Common shares and common share
   equivalents related to SAB No. 83          343,446                 659
                                          -----------        ------------

Total Shares used in Pro Forma
   Weighted Average Common
   Shares and Equivalents
   Outstanding<F1>                         10,945,993         11,145,949
                                          ===========        ===========

Pro Forma Earnings per Share                     $.57               $.58
                                                 ====               ====

<FN>
<F1> Pro forma earnings per share is computed by dividing net income by the weighted
     average number of common stock and common stock equivalents considered
     outstanding.  Common stock equivalents are computed using the treasury stock
     method and for purposes of this calculation only, the assumed initial public offering
     price of $15 per share was used in applying the treasury stock method. For purposes of
     the calculation, the Series A & Series B Preferred Stock is considered common stock
     equivalents.  Pursuant to the Securities and Exchange Commission Staff Accounting
     Bulletin No. 83, shares issued, and stock options and warrants granted by the Company
     at an exercise price below the assumed public offering price during the twelve-month
     period preceding the date of the initial filing of the Registration Statement have
     been included in the calculation of common stock equivalent shares, using the
     treasury stock method, as if they were outstanding for the periods presented.