Exhibit 11.  Statement Regarding Computation of Per Share Earnings
     


                                             Year Ended          Year Ended
                                            June 30, 1998       June 30, 1997
                                          -----------------   -----------------
                                                                      
EQUIVALENT SHARES:                                                         
                                                                   
Weighted Average Shares Outstanding            2,277,165           2,152,564   
                                                                          
Total Diluted Shares                           2,795,243           2,668,210
                                                                  
Net Income                                $    2,403,783      $    1,489,745
Less Preferred Stock Dividend                    125,827             139,999
                                          -----------------   -----------------
Income Available to Common Stockholders   $    2,277,956      $    1,349,746    
                                          =================   =================

Basic Earnings Per Share                  $            1.00   $            0.63
Diluted Earnings Per Share                $            0.86   $            0.56