EXHIBIT 11.0
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three Months Ended Six Months Ended
December 31, December 31,
------------ ------------
1999 1998 1999 1998
---- ---- ---- ----
(In thousands, except per share amount)
Net Income..................................................... $ 5,353 $ 5,219 $ 10,734 $ 9,990
===== ===== ====== =====
Weighted average common shares outstanding..................... 8,297 8,318 8,266 8,659
Basic earnings per common share................................ $ 0.65 $ 0.63 $ 1.30 $ 1.16
==== ==== ===== ====
Weighted average common shares outstanding..................... 8,297 8,318 8,266 8,659
Potential common stock due to dilutive
effect of stock options.................................... 330 437 313 466
----- ----- ----- -----
Total shares for diluted earnings per share.................... 8,627 8,755 8,579 9,125
Diluted earnings per common share ............................. $ 0.62 $ 0.60 $ 1.25 $ 1.10
====== ==== ===== ====
22