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 - 3rd Quarter 2001 ------------ July 3,979,483 August 3,979,483 September 3,979,483 ------------ 11,938,449 Divided by: 3 months ------------ 3,979,483 ============ Net Income 1,334,354 ============ Net Income Per Share - Basic $ 0.34 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 July 3,979,483 August 3,979,483 September 3,979,483 ------------ 35,816,872 Divided by: 9 months ------------ 3,979,652 ============ Net Income 4,208,875 ============ Net Income Per Share - Basic & Diluted $ 1.06 17