Exhibit No. 11.0 Statement re: Computation of Earnings Per Share
Year Ended
December 31, 1997
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Net income $4,707,972
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Total weighted average number of common shares
outstanding used in basic EPS
calculation 2,496,296
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Basic earnings per share $ 1.89
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Total weighted average number of common shares
outstanding 2,496,296
Add
common stock equivalents for shares issuable under
Stock Option Plans
197,485
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Weighted average number of shares
outstanding adjusted for common stock equivalents
2,693,781
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Diluted earnings per share $ 1.75
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