EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Three Months Ended Nine Months Ended ------------------------------------ ----------------------------------- June 30, 1997 June 30, 1998 June 30, 1997 June 30, 1998 ----------------- ---------------- ---------------- ---------------- 1. Net income...................................... $ 2,352,000 $ 1,163,000 $ 6,901,000 $ 5,563,000 ================= ================ ================ ================ 2. Weighted average common shares outstanding...... 4,886,886 5,003,645 4,878,050 4,969,132 3. Basic earnings per share........................ $ 0.48 $ 0.23 $ 1.41 $ 1.12 ================= ================ ================ ================ 4. Weighted average common shares outstanding...... 4,886,886 5,003,645 4,878,050 4,969,132 5. Potential common stock due to dilutive effec of stock options................................ 133,492 153,126 124,244 150,062 ----------------- ---------------- ---------------- ---------------- 6. Total weighted average common shares and potential common shares outstanding for diluted earnings per share computation.......... 5,020,378 5,156,771 5,002,294 5,119,194 ================= ================ ================ ================ 7. Diluted earnings per share...................... $ 0.47 $ 0.23 $ 1.38 $ 1.09 ================= ================ ================ ================ 43