1 Exhibit 11 CALCULATION OF PRIMARY EARNINGS PER SHARE (DOLLARS IN THOUSANDS EXCEPT PER SHARE AMOUNTS) Three months ended Nine months ended December 31, December 31, 1994 1993 1994 1993 ---- ---- ---- ---- Weighted average common shares and common share equivalents outstanding 15,262,621 15,150,532 15,252,844 15,084,822 Net income $6,130 $4,887 $17,744 $14,146 Earnings per share $.40 $.32 $1.16 $.94 13