Exhibit No. 11. Statement re: Computation of Per Share Earnings for the nine and three months ended March 31, 1999 and 1998 (in thousands except per share data). Three Months Ended March, 31, ---------------------- 1999 1998 ------- ------- Net income $ 804 $ 439 ======= ======= Basic weighted average shares outstanding 3,304 3,758 Common stock equivalents due to dilutive effect of stock options 99 159 ------- ------- Diluted weighted average common shares outstanding 3,409 3,917 ======= ======= Basic earnings per share $ 0.24 $ 0.12 ======= ======= Diluted earnings per share $ 0.24 $ 0.11 ======= =======