EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(Thousands except Three Months Six Months
per share amounts) Ended June 30, Ended June 30,
1997 1996 1997 1996
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PRIMARY
Average shares outstanding 12,719 12,874 12,835 12,843
Net effect of dilutive stock
options--based on the
treasury stock method
using average market price 413 557 404 515
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TOTAL 13,132 13,431 13,239 13,358
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Net Income $3,424 $2,784 $6,094 $5,683
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Per share amount $.26 $.21 $.46 $.43
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FULLY DILUTED
Average shares outstanding 12,719 12,874 12,835 12,843
Net effect of dilutive stock
options--based on the treasury
stock method using the quarter-
end market price, if higher than
the average market price 742 609 742 609
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TOTAL 13,461 13,483 13,577 13,452
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Net income $3,424 $2,784 $6,094 $5,683
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Per share amount $.25 $.21 $.45 $.42
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