EX-11 6 ex11.htm EXHIBIT 11 Exhibit 11


Exhibit 11
Statement Re Computation of per share earnings
 
Twelve Months Ended December 31, 2005                    
                     
Basic Earnings Per Share:                    
                     
Net Income
 
$2,672,796
 
=
 
$1.78
       
Weighted Average Number of Common Shares
 
1,502,121
               
                     
                     
Diluted Earnings Per Share:
                   
                     
Net Income
 
$2,672,796
 
=
 
$2,672,796
 
=
 
$1.77
Weighted Average Number of Common Shares
 
1,502,121+9,231
     
1,511,352
       
Adjusted for Effect of Outstanding Options
                   
                     
                     
                     
Three Months Ended December 31, 2005
                   
                     
Basic Earnings Per Share:
                   
                     
Net Income
 
$69,094
 
=
 
$0.05
       
Weighted Average Number of Common Shares
 
1,493,587
               
                     
                     
Diluted Earnings Per Share:
                   
                     
Net Income
 
$69,094
 
=
 
$69,094
 
=
 
$0.05
Weighted Average Number of Common Shares
 
1,493,587+9,313
     
1,502,900
       
Adjusted for Effect of Outstanding options