<DOCUMENT>
<TYPE>EX-11
<SEQUENCE>8
<FILENAME>e1110k01.txt
<DESCRIPTION>EXHIBIT 11 FOR 2001 10-K - EARNINGS PER SHARE
<TEXT>
Exhibit 11

EARNINGS PER SHARE

Net income for the year ended December 31, 2001   $11,414,000
                                                  ===========

Weighted average common shares outstanding          9,602,520

Assumed incremental common shares issued
upon exercise of stock options                        102,967
                                                  -----------

Weighted average common shares for diluted
earnings per share                                  9,705,487
                                                  ===========


Earnings per common share - basic                       $1.19
                                                       ======

Earnings per common share - diluted                     $1.18
                                                       ======

</TEXT>
</DOCUMENT>