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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.)
1997 1996 1995
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Basic Earning per Share
Average shares outstanding 22,213 20,995 20,874
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Income available to common shareholders' $45,350 $42,883 $35,504
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Basic Earnings per Share $ 2.04 $ 2.04 $ 1.70
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Diluted Earnings per Share
Average common shares outstanding 22,213 20,995 20,874
Effect of dilutive stock options 181 134 141
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Average diluted shares outstanding 22,394 21,129 21,015
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Income available to common shareholders' $45,350 $42,883 $35,504
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Diluted Earnings per Share $ 2.03 $ 2.03 $ 1.69
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