EXHIBIT 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
1994 1993 1992
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PRIMARY:
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Average # Common Shares 11,907,799 11,922,521 10,737,688
Avg. Common Share Equivalents 85,263 82,162 37,794
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Average Shares Outstanding 11,993,062 12,004,683 10,775,482
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Income Before Cumulative Effect of
Accounting Change $24,902,000 $20,377,000 $16,359,000
Cumulative Effect of Accounting Change 1,329,000
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Net Income 24,902,000 21,706,000 16,359,000
Preferred Dividends 0 0 0
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Available to Common Shares $24,902,000 $21,706,000 $16,359,000
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Earnings Per Common Share:
Income Before Cumulative Effect of
Accounting Change $2.08 $1.71 $1.52
Cumulative Effect of Accounting Change 0.00 0.11 0.00
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Net Income $2.08 $1.82 $1.52
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FULLY DILUTED:
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Average # Common Shares 11,907,799 11,922,521 10,737,688
Avg. Common Share Equivalents 85,263 100,126 59,773
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Average Shares Outstanding 11,993,062 12,022,647 10,797,461
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Income Before Cumulative Effect of
Accounting Change $24,902,000 $20,377,000 $16,359,000
Cumulative Effect of Accounting Change 1,329,000
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Net Income 24,902,000 21,706,000 16,359,000
Preferred Dividends 0 0 0
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Available to Common Shares $24,902,000 $21,706,000 $16,359,000
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Earnings Per Common Share:
Income Before Cumulative Effect of
Accounting Change $2.08 $1.69 $1.52
Cumulative Effect of Accounting Change 0.00 0.11 0.00
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Net Income $2.08 $1.80 $1.52
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