EXHIBIT 11
Year Ended June 30, | |||
2006 | 2005 | 2004 | |
Basic Average shares outstanding | 2,224,409 | 2,225,493 | 2,277,757 |
Net income | $2,784,166 | $ 104,259 | $2,882,901 |
Basic earnings per share | $ 1.25 | $ 0.05 | $ 1.27 |
Diluted Average shares outstanding | 2,224,409 | 2,225,493 | 2,277,757 |
Net effect of dilutive stock options - based on the treasury stock method using the period end market price, if greater than average market price | 27,852 | 64,255 | 57,543 |
Total | 2,252,261 | 2,289,748 | 2,335,300 |
Net income | $2,784,166 | $ 104,259 | $2,882,901 |
Diluted earnings per share | $ 1.24 | $ 0.05 | $ 1.23 |