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                                                                     Exhibit 11
                                      
                                      
                  CALCULATION OF PRIMARY EARNINGS PER SHARE
               (DOLLARS IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
                                      


                                                    Three months ended
                                                         June 30,
                                                 1995                 1994
                                                 ----                 ----
                                                              
Weighted average common shares                          
   and common share equivalents                             
   outstanding                                 15,390,234            15,241,422
                                                         
                                                         
Net income                                          6,816                 5,965
                                                         
                                                         
Earnings per share                                   $.44                  $.39
                                                         
                                                 
                                                                  
                                                                  
                                                                  

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