EX-11 2 ex11earningspershare.htm EX 11 EARNINGS PER SHARE COMPUTATION Ex 11 Earnings Per Share Computation
Exhibit 11
 
Statement re computation of per Share Earnings


Three Months Ended June 30, 2006

Basic Earnings Per Share:
                                
                                 
Net Income
      
$
755,789.01
    
=
  
 
$ 0.51
        
Weighted Average Number of Common Shares
          
1,491,548
                    
                                 
                                 
Diluted Earnings Per Share:
                                
                                 
Net Income
  
$
755,789.01
    
=
  
$
755.789.01
    
=
  
 
$ 0.50
  
Weighted Average Number of Common Shares Adjusted for Effect of Outstanding Options
    
1,491,548 + 11,102
          
1,502,650
              
                                 

Six Months Ended June 30, 2006

Basic Earnings Per Share:
                                
                                 
Net Income
        
$
1,835,690.32
    
=
  
 
$ 1.23
        
Weighted Average Number of Common Shares
          
1,491,362
                    
                                 
                                 
Diluted Earnings Per Share:
                                
                                 
Net Income
  
$
1,835,690.32
    
=
  
$
1,835,690.32
    
=
  
 
$ 1.22
  
Weighted Average Number of Common Shares Adjusted for Effect of Outstanding Options
    
1,491,362 + 10,862
          
1,502,224