EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)

	For the six months ended   June 30,
	2001		2000
EARNINGS
Pre-tax income	$	7,177	$	22,546
Fixed charges		4,595		6,589
Total	$	11,772	$	29,135
FIXED CHARGES
Interest expense and amortization of debt discount
and premium on all indebtedness	$	3,971	$	6,041
Interest portion of rental expenses		624		548
Total fixed charges	$	4,595	$	6,589
Ratio of earnings to fixed charges		2.6x		4.4x