COMPUTATION OF PER SHARE INCOME
Year Ended December 31,
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(Dollars in thousands, except per share amounts) 1996 1995 1994
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Average shares outstanding 6,538,279 6,525,042 4,911,485
Net effect of dilutive stock options-
based on the treasury stock method using average
market price 19,710 42,024 52,049
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Total 6,557,989 6,567,066 4,963,534
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Net income $ 3,914 $ 1,646 $ 3,531
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Per share amount $ .60 $ .25 $ .71
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