1


                                   EXHIBIT 11
                        COMPUTATION OF PER SHARE EARNINGS


     
                                 Three Months Ended June 30,              Six Months Ended June 30,
                                   1998              1997                 1998                 1997
                                   -----             -----               -----                -----
                                                  (in thousands, except per share data)
                                                                                       
BASIC                    
                         
NET INCOME (LOSS)                 $  107            ($  569)            ($   36)            ($1,176)
/ WEIGHTED AVERAGE SHARES          1,391              1,391               1,391               1,391
- -------------------------         ------            -------             -------             -------
BASIC EARNINGS (LOSS)    
   PER SHARE                      $ 0.08            ($ 0.41)            ($ 0.03)            ($ 0.85)
=========================         ======            =======             =======             =======
                         
                         
DILUTED                  
                         
NET INCOME (LOSS)                 $  107            ($  569)            ($   36)            ($1,176)
/ WEIGHTED AVERAGE SHARES          1,417              1,391               1,391               1,391
- -------------------------         ------            -------             -------             -------
DILUTED EARNINGS (LOSS)  
   PER SHARE                      $ 0.08            ($ 0.41)            ($ 0.03)            ($ 0.85)
=========================         ======            =======             =======             =======
                 




Notes:
   - Weighted average shares outstanding have been adjusted to reflect the 10%
     stock dividends in 1998 and 1997.



                                       20