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Exhibit 11
SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
2004 2003 2002
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BASIC EARNINGS PER SHARE
Net income $12,718,220 $15,307,893 $15,102,300
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Divide by: Weighted average shares outstanding 13,481,397 13,438,007 13,547,299
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Basic earnings per share $ 0.94 $ 1.14 $ 1.11
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DILUTED EARNINGS PER SHARE
Net income $12,718,220 $15,307,893 $15,102,300
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Divide by: Weighted average shares outstanding 13,481,397 13,438,007 13,547,299
Potentially dilutive effect of stock options 49,827 78,693 5,270
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Weighted average shares outstanding, including
potentially dilutive effect of stock options 13,531,224 13,516,700 13,552,569
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Diluted earnings per share $ 0.94 $ 1.13 $ 1.11
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