Exhibit 11.  Statement Regarding Computation of Per Share Earnings




                                                  Year Ended      Year Ended
                                                 June 30, 1996   June 30, 1995
                                                 _____________   _____________
                                                                     
                                                                              
EQUIVALENT SHARES:                                                            
                                                                              
Average Shares Outstanding                          1,183,987       1,094,850 
                                                                              
Total Equivalent Shares                             1,183,987       1,094,850 
Total Primary Shares                                1,270,097       1,227,331 
Total Fully Diluted Shares                          1,512,593       1,461,095 
                                                                              
Net Income                                       $  1,193,420    $  1,489,381
Less Preferred Stock Dividend                         139,999         139,999 
                                                 _____________   _____________
Net Income after Preferred Dividend              $  1,053,421    $  1,349,382 
                                                 =============   ============= 
                                                                              
Primary Earnings Per Share on Net Income         $        0.83    $       1.10
Fully Diluted Earnings Per Share on Net Income   $        0.79    $       1.02