1 EXHIBIT 11 CALCULATION OF PRIMARY EARNINGS PER SHARE (DOLLARS IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS) Three months ended June 30, 1996 1995 ---- ---- Weighted average common shares and common share equivalents outstanding 23,138,433 23,085,351 Net income $6,151 $6,816 Earnings per share - primary and fully diluted $.27 $.29 11