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                                                                      EXHIBIT 11

                       STATEMENT RE:  EARNINGS PER SHARE
                    (In thousands, except per share amounts)





                                                                         1995          1994           1994  
                                                                       ------       -------       --------  
                                                                                                 
Average common shares outstanding ...............................       4,837         4,779          4,767  
Net effect of incentive and non-qualified stock options based on                                             
  the treasury stock method using the average market price ......         158           122             74  
                                                                       ------       -------       --------  
                                                                                                             
  Average commons shares and equivalents outstanding ............       4,995         4,901          4,841  
                                                                       ======       =======       ========  
                                                                                                             
                                                                                                             
Income from continuing operations ...............................      $4,734       $ 3,667       $  2,490   
Loss from discontinued operations ...............................           -             -        (10,606)  
Loss on discontinued operations .................................           -        (1,286)        (3,148)  
                                                                       ------       -------       --------  
                                                                                                              
  Net income (loss) .............................................      $4,734       $ 2,381       $(11,264)  
                                                                       ======       =======       ========  
                                                                                                              
                                                                                                              
Earnings (loss) per share:                                                                                    
                                                                                                              
  Income from continuing operations .............................      $  .95       $   .75       $    .51   
  Loss from discontinued operations .............................           -             -          (2.19)  
  Loss on discontinued operations ...............................           -          (.26)          (.65)  
                                                                       ------       -------       --------  
                                                                                                              
   Net income (loss) ............................................      $  .95       $   .49       $  (2.33)  
                                                                       ======       =======       ========