1 Exhibit 11 - Computation of Earnings Per Share (1) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 ----------------------------- ----------------------------- 1994 1993 1994 1993 ---------- --------- --------- --------- PRIMARY EARNINGS PER SHARE: Weighted average and common equivalent shares 23,113,959 18,829,705 23,079,918 18,673,070 Net income 4,099,091 3,151,898 8,026,824 6,197,370 Primary earnings per share 0.18 0.17 0.35 0.33 FULLY DILUTED EARNINGS PER SHARE: Weighted average and common equivalent shares 23,169,038 18,829,705 23,134,997 18,673,070 Net Income 4,099,091 3,151,898 8,026,824 6,197,370 Primary earnings per share 0.18 0.17 0.35 0.33 (1) All amounts have been restated to reflect the effect of the 5% stock dividend. 30