Statement regarding Computation of Per Share Earnings               EXHIBIT 11.1


                                                 Quarter ended March 31
                                                     1997       1996
                                                     ----       ----

[S]                                                 [C]       [C]
           PRIMARY

Net income (Note 3)                                 $1,018    $  838
                                                    ======    ======

Weighted average shares outstanding                  6,519     6,509
Primary EPS                                         $  .16    $  .13
                                                    ======    ======

        FULLY DILUTED

Net income (Note 3)                                 $1,018    $  838

Weighted average shares outstanding                  6,514     6,488
Primary EPS                                         $  .16    $  .13
                                                    ======    ======


The treasury stock method was used in the calculation of the average shares
outstanding for EPS.  The denominator includes the shares outstanding during
the year plus the number of shares from assumed exercise of all vested
outstanding stock options less the number of treasury shares that would be
repurchased from the proceeds of such exercise.  For primary EPS, the average
stock price for the quarter is used; in the calculation for fully diluted EPS,
the quarter end stock price is used.  For the periods presented, the number of
shares issued in the initial public offering are also included in the
denominator as though shares had been outstanding since the beginning of each
year, in accordance with Regulation S-X, Article 11.