Exhibit 11

Statement Regarding Computation of Per Share Earnings

The following table is the reconciliation of basic and diluted earnings per share for the three months and nine months ended September 30, 2007 and 2006 (dollars in thousands except per share amounts):

	Three months ended September 30, 2007				Three months ended September 30, 2006
	Basic		Diluted		Basic		Diluted
Net income	$	4,249	$	4,249	$	5,109	$	5,109
Weighted average shares outstanding	58,541,627		58,541,627		60,387,098		60,387,098
Effect of dilutive securities	—		479,054		—		673,463
Adjusted weighted average shares outstanding	58,541,627		59,020,681		60,387,098		61,060,561
Earnings per share	$	0.07	$	0.07	$	0.08	$	0.08

	Nine months ended September 30, 2007				Nine months ended September 30, 2006
	Basic		Diluted		Basic		Diluted
Net income	$	14,043	$	14,043	$	15,435	$	15,435
Weighted average shares outstanding	59,597,169		59,597,169		60,353,648		60,353,648
Effect of dilutive securities	—		574,696		—		711,294
Adjusted weighted average shares outstanding	59,597,169		60,171,865		60,353,648		61,064,942
Earnings per share	$	0.24	$	0.23	$	0.25	$	0.25