EXHIBIT 11. Computation of Earnings Per Share
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In Thousands, Except Per Share Data
Three Months Ended Six Months Ended
June 30 June 30
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1997 1996 1997 1996
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Primary:
Average shares outstanding 49,182 49,130 49,093 49,400
Less leveraged ESOP shares 0 (226) 0 (218)
Net effect of the assumed exercise of stock
options - based on the treasury stock method
using average market price 1,537 1,194 1,535 1,108
------- ------- ------- -------
Total 50,719 50,098 50,628 50,290
======= ======= ======= =======
Net income $16,109 $13,763 $31,224 $27,039
Per share amount $ .32 $ .27 $ .62 $ .54
Fully Diluted:
Average shares outstanding 49,182 49,130 49,093 49,400
Less leveraged ESOP shares 0 (226) 0 (218)
Net effect of the assumed exercise of stock
options - based on the treasury stock method
using higher of quarter-end and average
market price 1,558 1,236 1,546 1,242
------- ------- ------- -------
50,740 50,140 50,639 50,424
======= ======= ======= =======
Net income $16,109 $13,763 $31,224 $27,039
Per share amount $ .32 $ .27 $ .62 $ .54
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