EX-11 3 ex11.txt EX-11 COMPUTATION OF PER SHARE EARNINGS 1 EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, --------------------------- --------------------------- 2000 1999 2000 1999 ---------- ---------- ---------- ---------- Numerator: Net income for basic and diluted earnings per share $ 157,000 444,000 $ 419,000 $ 902,000 ========== ========== ========== ========== Denominator: Denominator for basic earnings per common share - weighted-average shares 3,981,664 3,979,367 3,981,664 3,978,284 Effect of dilutive securities: Employee stock options -- 9,662 -- 8,216 ---------- ---------- ---------- ---------- Denominator for diluted earnings per common share - weighted-average shares 3,981,664 3,989,029 3,981,664 3,986,500 ========== ========== ========== ========== Basic earnings per common share $ 0.04 $ 0.11 $ 0.11 $ 0.23 ========== ========== ========== ========== Diluted earnings per common share $ 0.04 $ 0.11 $ 0.11 $ 0.23 ========== ========== ========== ==========