Three Months Ended Mar. 31 1996 1995 Primary Average number of common shares outstanding 18,035,828 17,943,665 Dilutive stock options outstand- ing 37,888 61,902 Average number of common and common equivalent shares 18,073,716 18,005,567 Net earnings appli- cable to common stock and common stock equivalents $3,957,000 $ 5,562,000 Primary earnings per share $.22 $.31