EX-11.1 2 ef71681ex111.htm EXHIBIT 11.1

Exhibit 11.1
Statement Regarding Calculation of Earnings Per Share

	Basic EPS number of shares		Diluted EPS number of shares		Net Income		Basic EPS		Diluted EPS

3 months ended September 30, 2004		9,723,695		10,074,329	$	2,853,729	$	0.29	$	0.28
3 months ended September 30, 2005		10,082,730		10,781,971	$	2,878,111	$	0.29	$	0.27

3 months ended September 30, 2004	Basic			Diluted

Average Shares Outstanding	9,723,695			9,723,695
Options - Plan 2			13,200
Average Option Price		$	5.88
Total Exercise Cost		$	77,616
Shares Repurchased			5,364
Net Shares from Option - Plan 2				7,836
Options - Plan 3			289,400
Average Option Price		$	7.59
Total Exercise Cost		$	2,196,546
Shares Repurchased			151,800
Net Shares from Option - Plan 3				137,600
Options - Plan 4			546,863
Average Option Price		$	12.30
Total Exercise Cost		$	6,726,415
Shares Repurchased			464,852
Net Shares from Option - Plan 4				82,011
Options - Plan 5 - Omnibus			450,159
Average Option Price		$	12.25
Total Exercise Cost		$	5,514,448
Shares Repurchased			381,095
Net Shares from Option - Plan 5				69,064
Options - EFA Non-qualified			87,057
Average Option Price		$	10.11
Total Exercise Cost		$	880,146
Shares Repurchased			60,826
Net Shares from Option - EFA Non-qualified				26,231
Options - Moneta			186,496
Average Option Price		$	12.43
Total Exercise Cost		$	2,318,145
Shares Repurchased			160,204
Net Shares from Option - Moneta				26,292
Stock Appreciation Rights			8,933
Average Stock Appreciation Rights Price		$	11.88
Total Exercise Cost		$	106,124
Shares Repurchased			7,334
Net Shares from Stock Appreciation Rights				1,599

Gross Shares	9,723,695			10,074,329
Average Market Price		$	14.47

3 months ended September 30, 2005	Basic				Diluted

Average Shares Outstanding		10,082,730				10,082,730
Options - Plan 2				8,035
Average Option Price			$	6.23
Total Exercise Cost			$	50,058
Shares Repurchased				2,169
Net Shares from Option - Plan 2						5,866
Options - Plan 3				153,541
Average Option Price			$	8.72
Total Exercise Cost			$	1,338,878
Shares Repurchased				58,010
Net Shares from Option - Plan 3						95,531
Options - Plan 4				423,885
Average Option Price			$	12.37
Total Exercise Cost			$	5,243,457
Shares Repurchased				227,186
Net Shares from Option - Plan 4						196,699
Options - Plan 5 - Omnibus				392,881
Average Option Price			$	12.09
Total Exercise Cost			$	4,749,931
Shares Repurchased				205,803
Net Shares from Option - Plan 5						187,078
Options - EFA Non-qualified				13,179
Average Option Price			$	10.00
Total Exercise Cost			$	131,790
Shares Repurchased				5,710
Net Shares from Option - EFA Non-qualified						7,469
Options - Moneta				188,904
Average Option Price			$	12.43
Total Exercise Cost			$	2,348,077
Shares Repurchased				101,736
Net Shares from Option - Moneta						87,168
Stock Appreciation Rights				7,800
Average Stock Appreciation Rights Price			$	11.81
Total Exercise Cost			$	92,118
Shares Repurchased				3,991
Net Shares from Stock Appreciation Rights						3,809
Restricted Share Units						115,622

Gross Shares		10,082,730				10,781,971
Average Market Price			$	23.08

	Basic EPS number of shares		Diluted EPS number of shares		Net Income		Basic EPS		Diluted EPS

9 months ended September 30, 2004		9,681,437		10,005,663	$	6,367,196	$	0.66	$	0.63
9 months ended September 30, 2005		10,017,354		10,667,539	$	8,466,266	$	0.85	$	0.80

9 months ended September 30, 2004	Basic				Diluted

Average Shares Outstanding		9,681,437				9,681,437
Options - Plan 2				13,200
Average Option Price			$	5.88
Total Exercise Cost			$	77,616
Shares Repurchased				5,505
Net Shares from Option - Plan 2						7,695
Options - Plan 3				328,216
Average Option Price			$	7.37
Total Exercise Cost			$	2,418,952
Shares Repurchased				171,557
Net Shares from Option - Plan 3						156,659
Options - Plan 4				554,640
Average Option Price			$	12.30
Total Exercise Cost			$	6,822,072
Shares Repurchased				483,835
Net Shares from Option - Plan 4						70,805
Options - Plan 5 - Omnibus				456,068
Average Option Price			$	12.26
Total Exercise Cost			$	5,591,394
Shares Repurchased				396,553
Net Shares from Option - Plan 5						59,515
Options - EFA Non-qualified				88,514
Average Option Price			$	10.12
Total Exercise Cost			$	895,762
Shares Repurchased				63,529
Net Shares from Option - EFA Non-qualified						24,985
Options - CGB Qualified				665
Average Option Price			$	11.67
Total Exercise Cost			$	7,761
Shares Repurchased				550
Net Shares from Option - CGB Qualified						115
Options - Moneta				186,496
Average Option Price			$	12.43
Total Exercise Cost			$	2,318,145
Shares Repurchased				164,407
Net Shares from Option - Moneta						0
Stock Appreciation Rights				27,774
Average Stock Appreciation Rights Price			$	11.84
Total Exercise Cost			$	328,844
Shares Repurchased				23,322
Net Shares from Stock Appreciation Rights						4,452

Gross Shares		9,681,437				10,005,663
Average Market Price			$	14.10

Moneta options are anti-dilutive due to the impact of adjusting net income for the expense associated with the plan on a year-to-date basis .

9 months ended September 30, 2005	Basic				Diluted

Average Shares Outstanding		10,017,354				10,017,354
Options - Plan 2				11,459
Average Option Price			$	5.96
Total Exercise Cost			$	68,296
Shares Repurchased				3,291
Net Shares from Option - Plan 2						8,168
Options - Plan 3				177,234
Average Option Price			$	8.50
Total Exercise Cost			$	1,506,489
Shares Repurchased				72,602
Net Shares from Option - Plan 3						104,632
Options - Plan 4				444,612
Average Option Price			$	12.36
Total Exercise Cost			$	5,495,404
Shares Repurchased				264,839
Net Shares from Option - Plan 4						179,773
Options - Plan 5 - Omnibus				401,755
Average Option Price			$	12.11
Total Exercise Cost			$	4,865,253
Shares Repurchased				234,470
Net Shares from Option - Plan 5						167,285
Options - EFA Non-qualified				24,095
Average Option Price			$	10.00
Total Exercise Cost			$	240,950
Shares Repurchased				11,612
Net Shares from Option - EFA Non-qualified						12,483
Options - Moneta				189,375
Average Option Price			$	12.43
Total Exercise Cost			$	2,353,931
Shares Repurchased				113,442
Net Shares from Option - Moneta						75,933
Stock Appreciation Rights				7,800
Average Stock Appreciation Rights Price			$	11.81
Total Exercise Cost			$	92,118
Shares Repurchased				4,439
Net Shares from Stock Appreciation Rights						0
Restricted Share Units						101,912

Gross Shares		10,017,354				10,667,539
Average Market Price			$	20.75

Stock appreciation rights are anti-dilutive due to the impact of adjusting net income for the expense associated with the plan on a year-to-date basis.