EXHIBIT 11.1

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

	Six Months Ended June 30, 2005			Three Months Ended June 30, 2005
	Shares	Earnings Per Share		Shares	Earnings Per Share
	(in Thousands)			(in Thousands)
Basic Weighted Average Shares Outstanding	7,144	$	0.62	7,144	$	0.31
Diluted
Average Shares Outstanding	7,144			7,144
Common Stock Equivalents	26			26
	7,170	$	0.62	7,170	$	0.31

	Six Months Ended June 30, 2004			Three Months Ended June 30, 2004
	Shares	Earnings Per Share		Shares	Earnings Per Share
	(in Thousands)			(in Thousands)
Basic Weighted Average Shares Outstanding	7,127	$	0.55	7,135	$	0.28
Diluted
Average Shares Outstanding	7,127			7,135
Common Stock Equivalents	22			21
	7,149	$	0.55	7,156	$	0.28

All per share data has been adjusted to reflect a 5-for-4 stock split effected as a 25% stock dividend on May 16, 2005.