<DOCUMENT>
<TYPE>EX-11
<SEQUENCE>2
<FILENAME>dex11.txt
<DESCRIPTION>COMPUTATION OF EARNINGS PER COMMON SHARE
<TEXT>

<PAGE>

Exhibit 11. Computation of Earnings Per Common Share

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------------
                                                     (Dollars in Thousands Except Per Share Data
                                                               and Number of Shares)
--------------------------------------------------------------------------------------------------------------------------

                                                        Weighted Average
Three-Month Periods Ended                               Number of Shares                    Net              Earnings Per
March 31,                                                    Outstanding                 Income              Common Share
--------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                          <C>                      <C>
2001                                                          10,035,819               $ 10,647                   $ 1.06
2000                                                          10,060,061                  3,382                     0.34
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

Computation of weighted average number of common
and common equivalent shares:

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
Three-Month Periods Ended March 31,                                                        2001                     2000
--------------------------------------------------------------------------------------------------------------------------
<S>                                                                                <C>                      <C>
Common shares outstanding beginning of the period                                    10,035,819               10,060,084
Weighted average of the common
shares purchased and retired or reissued                                                      -                      (23)
--------------------------------------------------------------------------------------------------------------------------
Weighted average number of common shares                                             10,035,819               10,060,061
==========================================================================================================================
</TABLE>
</TEXT>
</DOCUMENT>
