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 six months ended June 30, 2008 and 2007 (dollars in thousands except per share amounts):

	Three months ended June 30, 2008				Three months ended June 30, 2007
	Basic		Diluted		Basic		Diluted
Net income	$	3,674	$	3,674	$	4,852	$	4,852
Weighted average shares outstanding	57,571,596		57,571,596		59,749,897		59,749,897
Effect of dilutive securities	—		249,792		—		597,004
Adjusted weighted average shares outstanding	57,571,596		57,821,388		59,749,897		60,346,901
Earnings per share	$	0.06	$	0.06	$	0.08	$	0.08

	Six months ended June 30, 2008				Six months ended June 30, 2007
	Basic		Diluted		Basic		Diluted
Net income	$	6,369	$	6,369	$	9,793	$	9,793
Weighted average shares outstanding	57,530,047		57,530,047		60,139,899		60,139,899
Effect of dilutive securities	—		262,580		—		622,872
Adjusted weighted average shares outstanding	57,530,047		57,792,627		60,139,899		60,762,771
Earnings per share	$	0.11	$	0.11	$	0.16	$	0.16