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

<PAGE>


EXHIBIT 11.  STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
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                                                   (Dollars in Thousands Except Per Share Data)
---------------------------------------------------------------------------------------------------------
                                          Weighted Average                                       Earnings
                                          Number of Shares                  Net                       Per
Years Ended  December 31                       Outstanding               Income              Common Share
---------------------------------------------------------------------------------------------------------
<S>                                       <C>                            <C>                   <C>
       2000                                     10,047,248              $15,527                     $1.55
       1999                                     10,079,563               15,384                      1.53
       1998                                     10,393,930               23,677                      2.28
---------------------------------------------------------------------------------------------------------
</TABLE>

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

<TABLE>
<CAPTION>
                                                                    Years Ended December 31
---------------------------------------------------------------------------------------------------------
<S>                                                           <C>               <C>            <C>
                                                                    2000              1999           1998
---------------------------------------------------------------------------------------------------------
Common shares outstanding beginning of the period             10,060,084        10,091,721     10,727,322
Weighted average of the common
shares purchased and retired or reissued                         (12,836)          (12,158)      (333,392)
---------------------------------------------------------------------------------------------------------
Weighted average number of common shares                      10,047,248        10,079,563     10,393,930
=========================================================================================================
</TABLE>

</TEXT>
</DOCUMENT>
