EXHIBIT 11

Statement Regarding Computation of Per Share Earnings

Three Months Ended September 30, 2004 and 2003

(Dollars in thousands, except per share amounts)

	Three months ended September 30,
	2004		2003
Net income	$	3,788	$	3,373
Number of shares outstanding (1):
Weighted average shares issued and outstanding		13,735,629		13,715,524
Less: Average shares held by the ESOP		—		1,904,000
Plus: ESOP shares released or committed to be released
during the fiscal year		—		1,710,756
Average basic shares		13,735,629		13,522,280
Plus: Average common stock equivalents		460,093		945,274
Average diluted shares		14,195,722		14,467,554
Earnings per common share (1):
Basic	$	0.28	$	0.25
Diluted	$	0.27	$	0.23

(1) Share and per share amounts are adjusted for the two-for-one stock split in the form of a 100% stock dividend declared on September 29, 2004 and paid on October 29, 2004 to common stockholders of record as of October 15, 2004.

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