ex11_1.htm

EX-11.1 2 ex11_1.htm EXHIBIT 11.1 ex11_1.htm

EXHIBIT 11.1

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

		Three Months Ended								Three Months Ended
		June 30, 2007								June 30, 2006
						Earnings								Earnings
		Shares				Per Share				Shares				Per Share
		(in Thousands)								(in Thousands)

Basic Weighted Average Shares Outstanding			7,188			$	0.38				7,176			$	0.36


Diluted
Average Shares Outstanding			7,188								7,176
Common Stock Equivalents			10								1

			7,198			$	0.38				7,177			$	0.36

		Six Months Ended								Six Months Ended
		June 30, 2007								June 30, 2006
						Earnings								Earnings
		Shares				Per Share				Shares				Per Share
		(in Thousands)								(in Thousands)

Basic Weighted Average Shares Outstanding			7,185			$	0.72				7,173			$	0.69


Diluted
Average Shares Outstanding			7,185								7,173
Common Stock Equivalents			11								2

			7,196			$	0.72				7,175			$	0.69