EX-11.1 3 basexhibit111.txt STATEMENT REGARDING COMPUTATION
Exhibit 11.1 - Statement Regarding Computation of Per Share Earnings (Unaudited) (in thousands except per share data) Three Months Ended Three Months Ended Six Months Ended Six Months Ended March 31, 2002 March 31, 2001 March 31, 2002 March 31, 2001 ------------------ ------------------ ---------------- ---------------- Basic Average Common Shares outstanding 4,577 4,563 4,574 4,563 Net income $ 519 $ 582 $ 766 $ 777 Per share amount $ .11 $ .13 $ .17 $ .17 Diluted Average Common Shares outstanding 4,577 4,563 4,574 4,563 Net effect of dilutive stock options based on the Treasury stock method using the average market price 45 26 49 20 Total 4,622 4,589 4,623 4,583 Net income $ 519 $ 582 $ 766 $ 777 Per share amount $ .11 $ .13 $ .17 $ .17