Exhibit 11
Statement re: Computation of Per Share Earnings--Basic and Diluted
Three Months Ended
June 30,
1998 1997
Common shares outstanding entire period 26,515,773 26,833,880
Weighted average common shares retired upon redemption 76,610 14,174
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Total weighted average shares outstanding 26,592,383 26,848,054
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Net income $ 3,019,143 $ 734,231
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Earnings per share--basic and diluted $ 0.11 $ 0.03
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Six Months Ended
June 30,
1998 1997
Common shares outstanding entire period 26,515,773 26,620,653
Weighted average common shares retired upon redemption 127,571 52,288
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Total weighted average shares outstanding 26,643,344 26,672,941
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Net income $ 4,425,059 $ 936,904
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Earnings per share--basic and diluted $ 0.17 $ 0.04
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