Exhibit 11.  Statement Regarding Computation of Per Share Earnings




                                                  Year Ended       Year Ended  
                                                 June 30, 1997    June 30, 1996 
                                                 -------------    -------------
                                                                      
EQUIVALENT SHARES:                                                             
                                                                               
Average Shares Outstanding                          1,247,103        1,183,987 
                                                                               
Total Equivalent Shares                             1,247,103        1,183,987 
Total Primary Shares                                1,329,061        1,270,097 
Total Fully Diluted Shares                          1,569,979        1,512,593 
                                                                               
Net Income                                       $  1,507,103     $  1,193,420 
Less Preferred Stock Dividend                         139,999          139,999 
                                                 -------------    -------------
Net Income after Preferred Dividend              $  1,367,104     $  1,053,421 
                                                 =============    =============
                                                                               
Primary Earnings Per Share on Net Income         $        1.03    $        0.83
Fully Diluted Earnings Per Share on Net Income   $        0.96    $        0.79