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<page> Exhibit 1 Computations of Earnings Per Share (In Thousands, Except Earnings Per Share) ( Unaudited) for the Three Months Ended March 31, 1996 1995 Weighted Average Shares Used to Income Common and Equivalent Shares: Primary 1,004,138 999,067 Fully Diluted 1,319,432 1,314,754 Net Income Used in the Computation of Income Per Common Share: Net Income, as Reported Used to Compute Primary Income Per Share $362 $329 Adjustment for After Tax Effect of Interest Paid on Convertible Debentures $47 $50 Net Income, as Adjusted Used to Compute Fully Diluted Income Per Share 409 379 Income Per Common and Equivalent Share: Primary $0.36 $0.33 Fully Diluted $0.31 $0.29 15
