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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1999 10,091,721 $ 2,964 $ 0.29
1998 10,720,430 8,882 0.83
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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, 1999 1998
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Common shares outstanding beginning of the period 10,091,721 10,727,322
Weighted average of the common
shares purchased and retired or reissued - (6,892)
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Weighted average number of common shares 10,091,721 10,720,430
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