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** EXHIBIT  11.1**

**STATEMENT      OF COMPUTATION OF EARNINGS PER SHARE**

|                                                         |   | **Three                Months Ended** |   |   | **Three                Months Ended** |   |
|--------------------------------------------------------------|--------|---------------------------------------|--------|--------|---------------------------------------|--------|
|                                                         |   | **June                30, 2007**      |   |   | **June                30, 2006**      |   |
|                                                         |   |                                  |   |   | **Earnings**                          |   |   |   |   |   | **Earnings** |   |
|                                                         |   | **Shares**                            |   |   | **Per                Share**          |   |   | **Shares** |   |   | **Per                Share** |   |
|                                                         |   | **(in                Thousands)**     |   |   | **(in                Thousands)**     |   |
|                                                         |   |                                  |   |   |                                  |   |   |   |   |   |   |   |
| **Basic                Weighted Average Shares Outstanding** |   |                                  | 7,188  |   |                                  | $      | 0.38 |   |   |   | 7,176 |   |   | $ | 0.36 |   |
|                                                         |   |                                  |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |                                  |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| **Diluted**                                                  |   |                                  |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Average                Shares Outstanding                    |   |                                  | 7,188  |   |                                  |   |   |   |   |   | 7,176 |   |   |   |   |   |
| Common                Stock Equivalents                      |   |                                  | 10     |   |                                  |   |   |   |   |   | 1 |   |   |   |   |   |
|                                                         |   |                                  |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |                                  | 7,198  |   |                                  | $      | 0.38 |   |   |   | 7,177 |   |   | $ | 0.36 |   |

|                                                         |   | **Six                Months Ended** |   |   | **Six                Months Ended** |   |
|--------------------------------------------------------------|--------|-------------------------------------|--------|--------|-------------------------------------|--------|
|                                                         |   | **June                30, 2007**    |   |   | **June                30, 2006**    |   |
|                                                         |   |                                |   |   | **Earnings**                        |   |   |   |   |   | **Earnings** |   |
|                                                         |   | **Shares**                          |   |   | **Per                Share**        |   |   | **Shares** |   |   | **Per                Share** |   |
|                                                         |   | **(in                Thousands)**   |   |   | **(in                Thousands)**   |   |
|                                                         |   |                                |   |   |                                |   |   |   |   |   |   |   |
| **Basic                Weighted Average Shares Outstanding** |   |                                | 7,185  |   |                                | $      | 0.72 |   |   |   | 7,173 |   |   | $ | 0.69 |   |
|                                                         |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| **Diluted**                                                  |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Average                Shares Outstanding                    |   |                                | 7,185  |   |                                |   |   |   |   |   | 7,173 |   |   |   |   |   |
| Common                Stock Equivalents                      |   |                                | 11     |   |                                |   |   |   |   |   | 2 |   |   |   |   |   |
|                                                         |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |                                | 7,196  |   |                                | $      | 0.72 |   |   |   | 7,175 |   |   | $ | 0.69 |   |

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