Exhibit 11.
Computation of Weighted Average Shares Outstanding and Earnings Per Share
Shares Outstanding End of Month - 2nd Quarter
2001
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April 3,979,483
May 3,979,483
June 3,979,483
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11,938,449
Divided by: 3 months
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3,979,483
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Net Income 1,276,642
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Net Income Per Share - Basic $ 0.32
Shares Outstanding End of Month - YTD
January 3,981,008
February 3,979,483
March 3,979,483
April 3,979,483
May 3,979,483
June 3,979,483
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23,878,423
Divided by: 6 months
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3,979,737
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Net Income 2,874,521
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Net Income Per Share - Basic & Diluted $ 0.72