1 EXHIBIT 11. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS Three Months Ended March 31, 2000 --------------------- (In Thousands, Except Per Share Data) 1. Net Income $55,497 Less: Preferred stock dividends declared 1,500 ------ Net income available to common shareholders $53,997 ====== 2. Weighted average common shares outstanding 51,667 3. ESOP shares not committed to be released (2,962) ------ 4. Total weighted average common shares outstanding 48,705 ====== 5. Basic earnings per common share $ 1.11 ====== 6. Total weighted average common shares outstanding 48,705 7. Dilutive effect of stock options using the treasury stock method 683 ------ 8. Total average common and common equivalent shares 49,388 ====== 9. Diluted earnings per common share $ 1.09 ====== -29-