**Exhibit      11.0**

**Statement      Re: Computation of Per Share Earnings**

|                                                                     |   | **For                the Year Ended December 31,** |       |
|--------------------------------------------------------------------------|--------|----------------------------------------------------|------------|
| *(Dollars                in thousands, except share and per share data)* |   | **2005**                                           |       | **2004** |   | **2003** |   |
|                                                                     |   |                                               |       |   |   |   |   |
| Net                income (loss), as reported                            |   | $                                                  | 17,955     |   | $ | (9,349 | ) | $ | 67,406 |   |
| Less:                preferred stock dividends                           |   |                                               | --         |   |   | -- |   |   | 1,391 |   |
| Net                income (loss) available to common shareholders        |   | $                                                  | 17,955     |   | $ | (9,349 | ) | $ | 66,015 |   |
|                                                                     |   |                                               |       |   |   |   |   |   |   |   |
| Basic                - weighted-average shares                           |   |                                               | 20,349,515 |   |   | 18,375,864 |   |   | 16,308,561 |   |
| Basic                EPS                                                 |   | $                                                  | 0.88       |   | $ | (0.51 | ) | $ | 4.05 |   |
|                                                                     |   |                                               |       |   |   |   |   |   |   |   |
| Basic                - weighted-average shares                           |   |                                               | 20,349,515 |   |   | 18,375,864 |   |   | 16,308,561 |   |
| Incremental                shares-options (1)(2)(3)                      |   |                                               | 933,705    |   |   | 1,005,762 |   |   | 2,098,688 |   |
| Diluted                - weighted-average shares                         |   |                                               | 21,283,220 |   |   | 19,381,626 |   |   | 18,407,249 |   |
| Diluted                EPS                                               |   | $                                                  | 0.84       |   | $ | (0.51 | ) | $ | 3.59 |   |

**        (1)* *For      the year ended December 31, 2005, the weighted average of 157,275 restricted      stock awards granted on November 9, 2005 are included in the calculation of      diluted earnings per share.  Also, for the year ended December 31, 2005,      approximately 68,000 out-of-the-money employee stock option on a weighted      average basis, were excluded from the calculation of diluted earnings per share      since their effect is anti-dilutive. **

*(2)*
*For        the year ended December 31, 2004, approximately 1.0 million in-the-money        employee stock options were excluded from the calculation of diluted earnings        per share since their effect is anti-dilutive.  Also, for the year ended        December 31, 2004, approximately 44,000 out-of-the-money employee stock option        on a weighted average basis, were excluded from the calculation of diluted        earnings per share since their effect is anti-dilutive.  *

*(3)*
*For        the year ended December 31, 2003 approximately 1.1 million of in-the-money        warrants are included in the calculation of diluted earnings per share. Also, for the year ended December 31, 2003, approximately 313,000        out-of-the-money employee stock option on a weighted average basis, were        excluded from the calculation of diluted earnings per share since their effect        is anti-dilutive.  *