1 Exhibit 11 CALCULATION OF PRIMARY EARNINGS PER SHARE (DOLLARS IN THOUSANDS EXCEPT PER SHARE AMOUNTS) Three months ended Six months ended September 30, September 30, 1995 1994 1995 1994 ---- ---- ---- ---- Weighted average common shares and common share equivalents outstanding 23,252,372 22,872,648 23,178,946 22,867,506 Net income $6,705 $5,649 $13,521 $11,614 Earnings per share $.29 $.25 $.58 $.51 13