**EXHIBIT 11**

|                                                                                                                                                  |                            | Year Ended June 30,   
|------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------- | ----------------------
|                                                                                                                                                  |                            | 2002                  
|                                                                                                                                                  |                            | (Dollars in thousands)
|Basic                                                                                                                                             |                            |                       
|                                                                                                                                                  | Average shares outstanding | 1,192,612             
|                                                                                                                                                  | Net income                 | $2,308,903            
|                                                                                                                                                  | Basic earnings per share   | $1.94                 
|                                                                                                                                                  |                            |                       
|Diluted                                                                                                                                           |                            |                       
|                                                                                                                                                  | Average shares outstanding | 1,192,612             
|                                                                                                                                                  |                            |                       
|Net effect of dilutive stock options - based on the
treasury stock method using the period end market
price, if greater than average market price | 22,397                     | 10,507                
|                                                                                                                                                  |                            |                       
|                                                                                                                                                  |                            | Total                 
|                                                                                                                                                  | Net income                 | $2,308,903            
|                                                                                                                                                  | Diluted earnings per share | $1.90