EXHIBIT 11

              Statement Regarding Computation of Per Share Earnings

              Three and Six Months Ended December 31, 2003 and 2002

                (Dollars in thousands, except per share amounts)

<TABLE>
<CAPTION>
                                                                  Three months ended                       Six months ended
                                                                      December 31,                            December 31,
                                                             -------------------------------         -------------------------------
                                                                 2003                2002                2003                2002
                                                             -----------         -----------         -----------         -----------
<S>                                                          <C>                 <C>                 <C>                 <C>
Net income .........................................         $     2,881         $     3,824         $     6,254         $     7,648
                                                             ===========         ===========         ===========         ===========

Number of shares outstanding:
Weighted average shares issued .....................          11,900,000          11,900,000          11,900,000          11,900,000
Less: Weighted average shares held in treasury .....           5,021,429           4,714,030           5,031,834           4,640,016
Less: Average shares held by the ESOP ..............             952,000             952,000             952,000             952,000
Plus: ESOP shares released or committed to be
           released during the fiscal year .........             887,585             763,227             871,482             748,242
                                                             -----------         -----------         -----------         -----------
Average basic shares ...............................           6,814,156           6,997,197           6,787,648           7,056,226
Plus: Average common stock equivalents .............             429,788             529,501             452,181             533,515
                                                             -----------         -----------         -----------         -----------
Average diluted shares .............................           7,243,944           7,526,698           7,239,829           7,589,741
                                                             ===========         ===========         ===========         ===========

Earnings per common share:
        Basic ......................................         $      0.42         $      0.55         $      0.92         $      1.08
                                                             ===========         ===========         ===========         ===========
        Diluted ....................................         $      0.40         $      0.51         $      0.86         $      1.01
                                                             ===========         ===========         ===========         ===========
</TABLE>


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