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EXHIBIT 11.1
Exhibit 11--Statement Re: Computation of Per share Earnings
Year Ended September 30
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1995 1996 1997
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(In Thousands, except per share data)
Primary
Average Common shares outstanding 2,159 2,185 2,221
Net effect of dilutive stock options--based
on the treasury stock method using average
market price 155 152 128
Assumed conversion of preferred shares 752 752 752
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Total 3,066 3,089 3,101
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Net income available to common shareholders $ 497 $ 346 $ 657
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Per share amount $ 0.16 $ 0.11 $ 0.21
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Fully Diluted
Average Common shares outstanding 2,159 2,185 2,221
Net effect of dilutive stock options--based
on the treasury stock method using the
period-end market price, if higher than average
market price 155 152 128
Assumed conversion of preferred shares 752 752 752
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Total 3,066 3,089 3,101
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Net income available to common shareholders $ 497 $ 347 $ 657
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Per share amount $ 0.16 $ 0.11 $ 0.21
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