1 EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) BASIC EARNINGS PER SHARE Three Months Ended Nine Months Ended September 30, September 30, 1999 1998 1999 1998 ---- ---- ---- ---- Weighted average shares outstanding--basic 26,375,095 26,600,241 26,403,061 26,703,920 =========== =========== =========== =========== Net income $ 262,775 $ 2,867,133 $ 5,378,540 $ 7,292,192 =========== =========== =========== =========== Basic net income per share $ 0.01 $ 0.11 $ 0.20 $ 0.27 =========== =========== =========== ===========