EXHIBIT 11.1
Basic Diluted
EPS number EPS number Net Adjusted Net Basic Diluted
of shares of shares Income Income EPS EPS
------------------------------------------------------------------------------------------
Twelve Months ended December 31, 2000 8,990,605 9,684,752 $ 5,201,446 $ 5,201,446 $ 0.58 $ 0.54
Twelve Months ended December 31, 2001 9,203,224 9,203,224 $ (2,534,691) $ (2,534,691) $ (0.28) $ (0.28)
Twelve Months ended December 31, 2002 9,399,374 9,611,108 $ 5,001,480 $ 5,001,480 $ 0.53 $ 0.52
TWELVE MONTHS ENDED DECEMBER 31, 2000
Basic Diluted
-------------- -------------
Average Shares Outstanding 8,990,605 8,990,605
Options - Plan 1 18,934
Average Option Price $ 2.33
Total Exercise Cost $ 44,116
Shares Repurchased 2,650
Net Shares from Option - Plan 1 16,284
Options - Plan 2 202,861
Average Option Price $ 2.56
Total Exercise Cost $ 519,324
Shares Repurchased 31,191
Net Shares from Option - Plan 2 171,670
Options - Plan 3 553,528
Average Option Price $ 6.11
Total Exercise Cost $ 3,382,056
Shares Repurchased 203,126
Net Shares from Option - Plan 3 350,402
Options - Plan 4 53,631
Average Option Price $ 15.02
Total Exercise Cost $ 805,538
Shares Repurchased 48,381
Net Shares from Option - Plan 4 5,250
Options - EFA Non-qualified 84,754
Average Option Price $ 10.13
Total Exercise Cost $ 858,558
Shares Repurchased 51,565
Net Shares from Option - EFA
Non-qualified 33,189
Options - CGB Qualified 160,652
Average Option Price $ 10.00
Total Exercise Cost $ 1,606,520
Shares Repurchased 96,488
Net Shares from Option - CGB Qualified 64,164
Options - CGB Non-Qualified 82,714
Average Option Price $ 10.62
Total Exercise Cost $ 878,423
Shares Repurchased 52,758
Net Shares from Option - CGB
Non-Qualified 29,956
Stock Appreciation Rights 87,911
Average SAR Price $ 12.25
Total Exercise Cost $ 1,076,910
Shares Repurchased 64,679
Net Shares from SARS 23,232
-------------- -------------
Gross Shares 8,990,605 9,684,752
Price $ 16.65
119
TWELVE MONTHS ENDED DECEMBER 31, 2001
Basic Diluted
-------------- -------------
Average Shares Outstanding 9,203,224 9,203,224
Options - Plan 2 158,830
Average Option Price $ 2.63
Total Exercise Cost $ 417,723
Shares Repurchased 32,840
Net Shares from Option - Plan 2 -
Options - Plan 3 516,145
Average Option Price $ 6.68
Total Exercise Cost $ 3,447,849
Shares Repurchased 271,057
Net Shares from Option - Plan 3 -
Options - Plan 4 300,045
Average Option Price $ 13.54
Total Exercise Cost $ 4,062,609
Shares Repurchased 319,388
Net Shares from Option - Plan 4 -
Options - EFA Non-qualified 85,500
Average Option Price $ 10.19
Total Exercise Cost $ 871,245
Shares Repurchased 68,494
Net Shares from Option - EFA
Non-qualified -
Options - CGB Qualified 70,279
Average Option Price $ 10.33
Total Exercise Cost $ 725,982
Shares Repurchased 57,074
Net Shares from Option - CGB Qualified -
Options - CGB Non-Qualified 72,732
Average Option Price $ 10.56
Total Exercise Cost $ 768,050
Shares Repurchased 60,381
Net Shares from Option - CGB
Non-Qualified -
Options - Moneta 175,879
Average Option Price $ 12.50
Total Exercise Cost $ 2,198,488
Shares Repurchased 172,837
Net Shares from Option - Moneta -
Stock Appreciation Rights 100,604
Average SAR Price $ 12.55
Total Exercise Cost $ 1,262,580
Shares Repurchased 99,259
Net Shares from SARS -
-------------- -------------
Gross Shares 9,203,224 9,203,224
Price $ 12.72
120
TWELVE MONTHS ENDED DECEMBER 31, 2002
Basic Diluted
-------------- -------------
Average Shares Outstanding 9,399,374 9,399,374
Options - Plan 2 57,455
Average Option Price $ 3.14
Total Exercise Cost $ 180,409
Shares Repurchased 16,876
Net Shares from Option - Plan 2 40,579
Options - Plan 3 452,541
Average Option Price $ 6.90
Total Exercise Cost $ 3,122,533
Shares Repurchased 292,098
Net Shares from Option - Plan 3 160,443
Options - Plan 5 54,032
Average Option Price $ 9.52
Total Exercise Cost $ 514,385
Shares Repurchased 48,118
Net Shares from Option - Plan 5 5,914
Options - EFA Non-qualified 85,500
Average Option Price $ 10.18
Total Exercise Cost $ 870,390
Shares Repurchased 81,421
Net Shares from Option - EFA
Non-qualified 4,079
Options - CGB Qualified 40,495
Average Option Price $ 10.59
Total Exercise Cost $ 428,842
Shares Repurchased 40,116
Net Shares from Option - CGB Qualified 379
Options - CGB Non-Qualified 45,552
Average Option Price $ 10.61
Total Exercise Cost $ 483,307
Shares Repurchased 45,211
Net Shares from Option - CGB
Non-Qualified 341
-------------- -------------
Gross Shares 9,399,374 9,611,108
Price $ 10.69
121