EXHIBIT 11.0
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three Months Ended Six Months Ended
December 31, December 31,
----------------------- -------------------
1998 1997 1998 1997
---- ---- ---- ----
(In thousands, except per share amount)
Net Income..................................................... $ 5,219 $ 4,887 $ 9,990 $ 9,628
===== ===== ===== =====
Weighted average common shares outstanding..................... 8,318 9,010 8,659 8,617
Basic earnings per common share................................ $ 0.63 $ 0.54 $ 1.16 $ 1.12
==== ==== ===== ====
Weighted average common shares outstanding..................... 8,318 9,010 8,659 8,617
Potential common stock due to dilutive
effect of stock options.................................... 437 596 466 577
---- ---- ---- ----
Total shares for diluted earnings per share.................... 8,755 9,606 9,125 9,194
Diluted earnings per common share ............................. $ 0.60 $ 0.51 $ 1.10 $ 1.05
====== ==== ===== ====
24