<TABLE>
<CAPTION>
                                                                          SECOND QUARTER             YEAR-TO-DATE
                                                                      Thirteen Weeks Ended     Twenty-six Weeks Ended
                                                                     June 28,      June 29,     June 28,     June 29,
                                                                       1997         1996          1997         1996

Primary Earnings (Loss) per Common Share
Net earnings (loss) applicable to common stock
<S>                                                                <C>              <C>             <C>       <C>     
    Net earnings (loss)                                            $    1,181       (5,733)         (797)     (10,108)
    ESOP dividend requirements
         Preferred stock dividends declared                              (567)        (588)       (1,137)      (1,180)
         Tax benefit on dividends - unallocated shares                     66           88           137          184
                                                                    ---------     --------     ---------    ---------
    Net earnings (loss) applicable to common stock                 $      680       (6,233)       (1,797)     (11,104)
                                                                    ---------     --------     ---------    ---------

Weighted average number of common shares and 
  equivalents outstanding
    Weighted average number of common shares outstanding               14,807       14,780        14,806       14,768
    Common stock equivalents                                               21            - *           - *          - *
                                                                    ---------     --------     ---------    ---------
    Weighted average number of common shares and 
     equivalents outstanding                                           14,828       14,780        14,806       14,768
                                                                    ---------     --------     ---------    ---------

Primary Earnings (Loss) per Common Share                           $     0.05        (0.42)        (0.12)       (0.75)
                                                                    =========     ========     =========    =========


Fully Diluted Earnings (Loss) per Common Share
Net earnings (loss) applicable to common stock
    Net earnings (loss)                                            $        -            -             -            -
    Incremental cash contribution to the ESOP assuming conversion 
         of preferred stock to common                                       -            -             -            -
    Tax benefit on the incremental cash contribution                        -            -             -            -
                                                                    ---------     --------     ---------    ---------
    Net earnings (loss) applicable to common stock                 $        -            -             -            -
                                                                    ---------     --------     ---------    ---------

Weighted average number of common shares and equivalents outstanding
    Weighted average number of common shares outstanding                    -            -             -            -
    Common stock equivalents                                                -            -             -            -
    Assumed conversion of Series B ESOP preferred stock                     -            -             -            -
                                                                    ---------     --------     ---------    ---------
    Weighted average number of common shares and 
     equivalents outstanding                                                -            -             -            -
                                                                    ---------     --------     ---------    ---------

Fully Diluted Earnings (Loss) per Common Share                     $     0.05        (0.42)        (0.12)       (0.75)
                                                                    =========     ========     =========    =========
</TABLE>
* Not applicable because it would result in an antidilutive calculation.
** Fully diluted calculation is not presented because it is antidilutive.