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                                                                    EXHIBIT 11.1


                 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS



                                                     THREE MONTHS ENDED
                                                          MARCH 31,
                                             ----------------------------------
                                                     1998            1997
                                             ----------------    ---------------
                                             (IN THOUSANDS, EXCEPT FOR PER SHARE
                                                            DATA)
                                                              

Basic:
    Net income applicable to common stock           $ 6,119          $ 4,308 
                                                    =======          ======= 
    Weighted average number of common                                        
      shares outstanding                             15,159           14,887 
                                                    =======          ======= 
                                                                             
     Basic net income per share                     $  0.40          $  0.29 
                                                    =======          ======= 
                                                                             
Diluted:                                                                     
    Net income applicable to common stock           $ 6,119          $ 4,308 
                                                    =======          ======= 
    Weighted average number of common                                        
      shares outstanding                             15,159           14,887 
                                                     
    Weighted average number of dilutive common                               
      stock equivalents                                 682              657 
                                                    -------          -------
 
    Weighted average number of common                                        
      and common equivalent shares outstanding       15,841           15,544
                                                    =======          ======= 
                                                                             
     Diluted net income per share                   $   .39          $   .28 
                                                    =======          ======= 
                                                                     




                                      11.1