<TABLE>
EXHIBIT 11
STATEMENT RE-COMPUTATION OF
PER SHARE EARNINGS
(Dollars in thousands, except per share data)
<CAPTION>
Six Months Ended Three Months Ended
September 30, September 30,
2000 1999 2000 1999
___________ __________ ___________ ___________
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE:
Weighted average shares
outstanding 14,255 14,253 14,278 14,227
========= ========= ========= =========
Net income $ 3,848 $ 5,632 $ 3,012 $ 4,252
========= ========= ========= =========
Net income per share $ 0.27 $ 0.40 $ 0.21 $ 0.30
========= ========= ========= =========
DILUTED EARNINGS PER SHARE:
Weighted average shares
outstanding 14,255 14,253 14,278 14,227
Dilutive effect of common
stock options 34 5 46 3
--------- --------- --------- ---------
Total shares 14,289 14,258 14,324 14,230
========= ========= ========= =========
Net income $ 3,848 $ 5,632 $ 3,012 $ 4,252
========= ========= ========= =========
Net income per share $ 0.27 $ 0.40 $ 0.21 $ 0.30
========= ========= ========= =========
</TABLE>
