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EXHIBIT 11
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
Year Ended December 31,
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(Dollars in thousands except per share amounts.)
1996 1995 1994
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PRIMARY
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Average common shares outstanding 21,027,669 20,874,336 10,158,346
Stock options-treasury stock method 185,735 141,070 28,361
2-for-1 stock split effected in the form of a
100% stock dividend paid November 20, 1995 -- -- 10,186,707
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Average primary shares outstanding 21,213,404 21,015,406 20,373,414
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Net income $ 42,883 $ 35,504 $ 30,728
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Per share amount $ 2.02 $ 1.69 $ 1.51
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FULLY DILUTED
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Average common shares outstanding 21,027,669 20,874,336 10,158,346
Stock options-treasury stock method 239,051 141,070 36,661
2-for-1 stock split effected in the form of a
100% stock dividend paid November 20, 1995 -- -- 10,195,007
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Average fully diluted shares outstanding 21,266,720 21,015,406 20,390,014
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Net income $ 42,883 $ 35,504 $ 30,728
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Per share amount $ 2.02 $ 1.69 $ 1.51
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