<DOCUMENT>
<TYPE>EX-11
<SEQUENCE>2
<FILENAME>ex99_11.txt
<DESCRIPTION>COMPUTATION OF PER SHARE EARNINGS
<TEXT>
<PAGE>
<TABLE>
Exhibit 11.  Statement re Computation of per share earnings

THREE MONTHS ENDED SEPTEMBER 30, 2004

BASIC EARNINGS PER SHARE:

<S>                                                  <C>                        <C>         <C>
Net Income                                           $976,439          =        $0.65
------------------------------------------------     ---------
Weighted Average Number of Common Shares             1,499,574

DILUTED EARNINGS PER SHARE:

Net Income                                           $976,439          =        $976,439   =  $0.64
------------------------------------------------     ---------------            ---------
Weighted Average Number of Common Shares             1,499,574+9,845            1,509,419
Adjusted for Effect of Outstanding Options

NINE MONTHS ENDED SEPTEMBER 30, 2004

BASIC EARNINGS PER SHARE:

Net Income                                           $2,453,827        =        $1.64
------------------------------------------------     --------------
Weighted Average Number of Common Shares             1,499,574

DILUTED EARNINGS PER SHARE:

Net Income                                           $2,453,827        =        $2,453,827 =  $1.62
------------------------------------------------     ---------------            ---------
Weighted Average Number of Common Shares             1,499,574+11,844           1,511,418
Adjusted for Effect of Outstanding Options
</TABLE>


</TEXT>
</DOCUMENT>