Exhibit No. 11

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

	Nine Months Ended September 30, 2003			Three Months Ended September 30, 2003
	Shares	Earnings Per Share		Shares	Earnings Per Share
	(in Thousands)			(in Thousands)
Basic Weighted Average Shares Outstanding	5,695	$	0.88	5,695	$	0.30
Diluted
Average Shares Outstanding	5,695			5,695
Common Stock Equivalents	25			25
	5,720	$	0.88	5,720	$	0.30
	Nine Months Ended September 30, 2002			Three Months Ended June 30, 2002
	Shares	Earnings Per Share		Shares	Earnings Per Share
	(in Thousands)			(in Thousands)
Basic Weighted Average Shares Outstanding	5,548	$	0.80	5,695	$	0.27
Diluted
Average Shares Outstanding	5,548			5,695
Common Stock Equivalents	14			14
	5,562	$	0.80	5,709	$	0.27

All per share data has been adjusted to reflect a 5-for-4 stock split effected as a 25% stock dividend on September 1, 2003.