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Exhibit No. 11
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
Six Months Ended June 30, 2003 | Three Months Ended June 30, 2003 | |||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||
(in Thousands) | (in Thousands) | |||||||||
Basic Weighted Average Shares Outstanding | 4,556 | $ | 0.72 | 4,556 | $ | 0.36 | ||||
Diluted | ||||||||||
Average Shares Outstanding | 4,556 | 4,556 | ||||||||
Common Stock Equivalents | 17 | 17 | ||||||||
4,573 | $ | 0.72 | 4,573 | $ | 0.36 | |||||
Six Months Ended June 30, 2002 | Three Months Ended June 30, 2002 | |||||||||
Shares | Earnings Per Share | Shares | Earnings Per Share | |||||||
(in Thousands) | (in Thousands) | |||||||||
Basic Weighted Average Shares Outstanding | 4,379 | $ | 0.67 | 4,556 | $ | 0.35 | ||||
Diluted | ||||||||||
Average Shares Outstanding | 4,379 | 4,556 | ||||||||
Common Stock Equivalents | 8 | 9 | ||||||||
4,387 | $ | 0.67 | 4,565 | $ | 0.35 | |||||