EX-11 3 dex11.txt SHARES OUTSTANDING & EARNINGS PER SHARE Exhibit 11. Computation of Weighted Average Shares Outstanding and Earnings Per Share Shares Outstanding End of Month - 2nd Quarter
2001 -------------- April 3,979,483 May 3,979,483 June 3,979,483 -------------- 11,938,449 Divided by: 3 months -------------- 3,979,483 ============== Net Income 1,276,642 ============== Net Income Per Share - Basic $ 0.32 Shares Outstanding End of Month - YTD January 3,981,008 February 3,979,483 March 3,979,483 April 3,979,483 May 3,979,483 June 3,979,483 -------------- 23,878,423 Divided by: 6 months -------------- 3,979,737 ============== Net Income 2,874,521 ============== Net Income Per Share - Basic & Diluted $ 0.72