EXHIBIT 11
Statement Regarding Computation of Per Share Earnings
Three Months Ended September 30, 2000 and 1999
(Dollars in thousands, except per share amounts)
<TABLE>
<CAPTION>
Three months ended September 30,
2000 1999
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<S> <C> <C>
Net income................................................. $3,176 $3,082
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Number of shares outstanding:
Weighted average shares issued............................. 11,900,000 11,899,371
Less: Weighted average shares held in treasury............. 3,654,444 3,066,216
Less: Average shares held by the ESOP...................... 952,000 952,000
Plus: ESOP shares released or committed to be released
during the fiscal year............................. 513,857 415,443
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Average basic shares....................................... 7,807,413 8,296,598
Plus: Average common stock equivalents..................... 435,556 613,062
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Average diluted shares..................................... 8,242,969 8,909,660
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Earnings per common share:
Basic.............................................. $0.41 $0.37
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Diluted............................................ $0.39 $0.35
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</TABLE>
