EX-11 2 ex11earningspershare.htm EXHIBIT 11 EARNINGS PER SHARE Ex-11 Earnings Per Share
 
 
Statement re computation of per Share Earnings
 
 
Three Months Ended September 30, 2006

Basic Earnings Per Share:
            
             
Net Income
  
$853,928.04
=
$ 0.57
    
Weighted Average Number of Common Shares
  
1,493,174
        
             
             
Diluted Earnings Per Share:
            
             
Net Income
  
$853,928.04
=
$853,928.04
=
$ 0.57
Weighted Average Number of Common Shares Adjusted for Effect of Outstanding Options
  
1,493,174 + 8,539
  
1,501,713
    
             

Nine Months Ended September 30, 2006

Basic Earnings Per Share:
            
             
Net Income
  
$2,689,618.36
=
$ 1.80
    
Weighted Average Number of Common Shares
  
1,491,973
        
             
             
Diluted Earnings Per Share:
            
             
Net Income
  
$2,689,618.36
=
$2,689,618.36
=
$ 1.79
Weighted Average Number of Common Shares Adjusted for Effect of Outstanding Options
  
1,491,973 + 10,088
  
1,502,061