Exhibit 11.1 - Statement Regarding Computation of Per share Earnings (Unaudited) (in thousands except per share data) Three Months Ended Three Months Ended December 31, 1999 December 31, 1998 ----------------- ----------------- Basic Average Common Shares outstanding .................................................... 4,516 4,496 Net loss available to Common shareholders .............................................. (372) (6) Per share amount ....................................................................... $ (.08) $ (.00) Diluted Average Common Shares outstanding ................................................. 4,516 4,496 Net effect of dilutive stock options based on the Treasury stock method using the average market price .............................. 159 134 Total .................................................................................. 4,675 4,630 Net loss available to Common shareholders .............................................. $ (372) $ (6) Per share amount ....................................................................... $ (.08) $ (.00)