EX-11 4 exhibit11.htm EXHIBIT 11 FILED 031309 exhibit11.htm
Exhibit 11

Computation of Per Share Earnings
      
       
Net income
   $ 11,292,000  
Preferred dividends and discount
     (178,000 )
Net income available to common stockholders for the year ended December 31, 2008
   $ 11,114,000  
Weighted average common shares outstanding
     16,299,078  
Assumed incremental common shares issued upon exercise of stock options and common stock warrant
     66,737  
Weighted average common shares for diluted earnings per share
     16,365,815  
Earnings per common share – basic
   $ 0.68  
Earnings per common share – diluted
   $ 0.68