<TABLE>
<CAPTION>
                                                   Three Months Ended               Six Months Ended
                                                        June 30,                        June 30,
(Dollars in thousands, except EPS data)            1998          1997              1998          1997
----------------------------------------------------------------------------------------------------------
<S>                                              <C>            <C>              <C>           <C>   
Basic Earnings Per Share                                                                     
                                                                                             
   Net (loss) income                             $ ( 4,902)      $  7,224         $  3,349       $ 14,214
                                                 ==========    ===========      ===========    ===========
                                                                                             
   Weighted average number of common                                                         
   and common equivalent shares:                 15,376,416    15,372,288       15,374,535     15,345,926
   ---------------------------------------                                                   
                                                                                             
   Basic earnings per share                      $   ( 0.32)   $     0.47       $     0.22     $     0.92
                                                 ===========   ===========      ===========    ===========
                                                                                             
                                                                                             
Diluted Earnings Per Share                                                                   
                                                                                             
   Net income                                    $  ( 4,902)   $    7,224       $    3,349     $   14,214
                                                 ===========   ===========      ===========    ===========
                                                                                             
   Weighted average number of common                                                         
   and common equivalent shares:                                                             
   ----------------------------------                                                        
                                                                                             
        Average no. of shares outstanding        15,376,416    15,372,288       15,374,535     15,345,926
                                                                                             
        Net effect of dilutive stock options                                                 
        based on treasury stock method &                                                     
        Fidelity additional shares                  143,616        65,156           51,656         65,304
                                                                                             
    Total average shares:                        15,520,032    15,437,444       15,426,191     15,410,230
                                                 ===========   ===========      ===========    ===========
                                                                                             
   Diluted earnings per share                    $    (0.32)   $     0.47       $     0.22     $     0.92
                                                 ===========   ===========      ===========    ===========
   

  </TABLE>