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EXHIBIT 11.0
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three Months Ended Nine months ended
March 31, March 31,
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1996 1995 1996 1995
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(In thousands, except per share amount)
Net Income $3,123 $2,723 $8,123 $7,287
----- ----- -----
Weighted average common shares
outstanding 8,584 9,386 8,598 9,455
Common stock equivalents due to
dilutive effect of stock option 334 140 314 133
----- ----- ----- -----
Total weighted average common shares
and equivalents outstanding 8,918 9,526 8,912 9,588
===== ===== ===== =====
Earnings per common and common share
equivalents $ 0.35 $ 0.29 $ 0.91 $ 0.77
==== ===== ===== =====
Total weighted average common shares
and equivalents outstanding 8,918 9,526 8,912 9,588
Additional dilutive shares using ending
period market value versus average
market value for the period when utilizing
the treasury stock method regarding
stock options 60 41 35 48
---- ----- ---- ----
Total shares for fully dilutive earnings
per share 8,978 9,567 8,947 9,636
===== ===== ===== =====
Fully diluted earnings per common and
common share equivalents $ 0.35 $ 0.29 $ 0.91 $ 0.77
===== ===== ===== =====
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