EX-11 2 a09-36280_1ex11.htm EX-11

 

EXHIBIT 11

 

Statement of Computation of Per Share Earnings

 

Set forth below are the bases for the computation of earnings per share for the periods shown.

 

 

 

Three Months Ended

 

 

 

December  31,

 

 

 

2009

 

2008

 

Earnings Per Common Share

 

 

 

 

 

Basic

 

$

0.07

 

$

0.03

 

Average Shares Outstanding - Basic

 

7,681,877

 

7,660,526

 

Diluted

 

$

0.07

 

$

0.03

 

Average Shares Outstanding (including dilutive effect of stock options)

 

7,709,076

 

7,723,711

 

 

 

 

Fiscal Year Ended

 

 

 

December  31,

 

 

 

2009

 

2008

 

Earnings Per Common Share

 

 

 

 

 

Basic

 

$

0.15

 

$

0.27

 

Average Shares Outstanding- Basic

 

7,668,562

 

7,642,775

 

Diluted

 

$

0.15

 

$

0.27

 

Average Shares Outstanding (including dilutive effect of stock options)

 

7,696,822

 

7,738,604