Exhibit 11. Computation of Earnings Per Common Share
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(Dollars in Thousands Except Per Share
Data and Number of Shares)
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Weighted Average
Three-Month Periods Ended Number of Shares Net Earnings Per
March 31, Outstanding Income Common Share
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1998 10,720,430 $ 8,882 $ 0.83
1997 10,727,712 7,403 0.69
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Computation of weighted average number of common
and common equivalent shares:
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Three-Month Periods Ended March 31, 1998 1997
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Common shares outstanding beginning of the period 10,727,322 10,727,712
Weighted average of the common
shares purchased and retired or reissued (6,892) -
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Weighted average number of common shares 10,720,430 10,727,712
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