EXHIBIT 11. STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
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(Dollars in Thousands Except Per Share Data)
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Weighted Average Earnings
Number of Shares Net Per
Years Ended December 31 Outstanding Income Common Share
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1999 10,079,563 $15,384 $1.53
1998 10,393,930 23,677 2.28
1997 10,727,440 28,732 2.68
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Computation of weighted average number of common and common equivalent shares:
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Years Ended December 31
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1999 1998 1997
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Common shares outstanding beginning of the period 10,091,721 10,727,322 10,727,712
Weighted average of the common
shares purchased and retired or reissued (12,158) (333,392) (272)
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Weighted average number of common shares 10,079,563 10,393,930 10,727,440
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