Exhibit 11

Statement Regarding Computation of Per Share Earnings

The following table is the reconciliation of basic and diluted earnings per share for the years ended December 31, 2006, 2005 and 2004 (dollars in thousands except per share amounts):

	2006				2005				2004
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income	$	20,812	$	20,812	$	22,030	$	22,030	$	17,767	$	17,767
Weighted average shares outstanding	60,369,558		60,369,558		60,054,059		60,054,059		57,278,329		57,278,329
Effect of dilutive securities	—		703,933		—		782,152		—		849,903
Adjusted weighted average shares outstanding	60,369,558		61,073,491		60,054,059		60,836,211		57,278,329		58,128,232
Earning per share	$	0.34	$	0.34	$	0.37	$	0.36	$	0.31	$	0.31