EXHIBIT 11

                          STATEMENTS RE COMPUTATION OF
                              PER SHARE EARNINGS[1]



Years Ended December 31,                                             2004           2003[2]         2002[2]
- -------------------------------------------------------------------------------------------------------------
                                                                                         
Net income                                                        $24,604,073     $23,903,245     $21,841,454
Less: preferred dividends                                                  --         125,019         112,700
                                                                  -------------------------------------------

Net income available for common shareholders and adjusted for
  diluted computation                                             $24,604,073     $23,778,226     $21,728,754
                                                                  ===========================================

Weighted average common shares outstanding                         18,241,567      17,914,855      17,978,728
Add dilutive effect of:
  Stock options[3]                                                    837,530         772,434         739,592
  Convertible preferred stock                                          34,528         228,371         233,202
                                                                  -------------------------------------------
Adjusted for assumed diluted computation                           19,113,625      18,915,660      18,951,522
                                                                  ===========================================
Basic Earnings per share                                          $      1.35     $      1.33     $      1.21
                                                                  ===========================================
Diluted Earnings per share                                        $      1.29     $      1.26     $      1.15
                                                                  ===========================================


[1]   The parent  company  effected a  six-for-five  stock  split on December 8,
      2004. The parent company announced stock dividends as follows:

       DECLARATION DATE      RECORD DATE       PAYABLE DATE     DIVIDEND RATE
       ----------------------------------------------------------------------
            8/21/03            9/1/03             9/10/03            25%
           11/21/02           12/02/02           12/09/02            20%
           11/15/01           11/30/01           12/10/01            10%
           11/16/00           12/01/00           12/08/00            10%
           11/18/99           12/14/99           12/14/99            5%

      Fractional  shares were  cashed-out and payments were made to shareholders
      in lieu of  fractional  shares.  The basic and diluted  average  number of
      shares  outstanding  and  earnings  per  share  information  for all prior
      reporting  periods have been restated to reflect the effect of these stock
      splits and stock dividends.

[2]   Restated; see Note 2 on page 38.

[3]   Options issued with exercise  prices greater than the average market price
      of the common shares for each of the years ended December 31, 2004,  2003,
      and 2002 have not been  included in  computation  of diluted EPS for those
      respective  years.  As of December 31, 2004 and 2003 there were no options
      excluded;  as of December 31, 2002, 45,732 options to purchase shares at a
      price of $23.81 were not included.


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