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EXHIBIT 11 - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE


<TABLE>
<CAPTION>
                                                                              YEAR ENDED DECEMBER 31,            
                                                                      --------------------------------------     
                                                                          1996          1995         1994        
PRIMARY                                                                   ----          ----         ----        
<S>                                                                   <C>           <C>          <C>             
Average shares outstanding . . . . . . . . . . . . . . . .             12,193,689    11,204,971   10,339,072     
Net effect of dilutive stock options and                                                                         
     warrants - based on the treasury stock method                                                               
     using average market price  . . . . . . . . . . . . .                326,735       155,797      642,111     
                                                                      -----------   -----------  -----------     
Total  . . . . . . . . . . . . . . . . . . . . . . . . . .             12,520,424    11,360,768   10,981,183     
                                                                      -----------   -----------  -----------     
Net income . . . . . . . . . . . . . . . . . . . . . . . .            $ 4,773,632   $ 2,399,067  $ 1,971,049     
                                                                      ===========   ===========  ===========     
Per share amount . . . . . . . . . . . . . . . . . . . . .            $      0.38   $      0.21  $      0.18     
                                                                      ===========   ===========  ===========     
                                                                                                                 
FULLY DILUTED                                                                                                    
                                                                                                                 
Average shares outstanding                                             12,193,689    11,204,971   10,339,072     
Net effect of dilutive stock options and                                                                         
     warrants - based on the treasury stock method                                                               
     using the quarter-end market price, if higher                                                               
     than average market price . . . . . . . . . . . . . .                350,189       155,797      740,064     
                                                                      -----------   -----------  -----------     
Total  . . . . . . . . . . . . . . . . . . . . . . . . . .             12,543,878    11,360,768   11,079,136     
                                                                      ===========   ===========  ===========     
Net income   . . . . . . . . . . . . . . . . . . . . . . .            $ 4,773,632   $ 2,399,067  $ 1,971,049     
                                                                      ===========   ===========  ===========     
Per share amount . . . . . . . . . . . . . . . . . . . . .            $      0.38   $      0.21  $      0.18     
                                                                      ===========   ===========  ===========     
</TABLE>


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