EX-11 4 ex11062003q.txt EXHIBIT 11 FOR FORM 10-Q FOR JUNE 30, 2003 EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS THREE MONTHS ENDED JUNE 30, 2003 AND 2002 (Dollars and Shares in thousands, except per share data) (unaudited)
June 30, June 30, 2003 2002 ---------- ---------- Net income $ 1,057 $ 323 ========== ========== BASIC EARNINGS PER SHARE: Weighted average shares outstanding 14,382 14,367 ========== ========== Net income per share $ 0.07 $ 0.02 ========== ========== DILUTED EARNINGS PER SHARE: Basic weighted average shares outstanding 14,382 14,367 Dilutive stock options - based on treasury stock method using the average market price 225 313 ---------- ---------- Total weighted average diluted shares 14,607 14,680 ========== ========== Net income per share $ 0.07 $ 0.02 ========== ==========