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EXHIBIT 11.1 COMPUTATION OF PER SHARE EARNINGS
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FOR THE THREE MONTHS ENDED
JUNE 30,
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2000 1999
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(UNAUDITED)
<S> <C> <C>
Weighted average common stock 8,264,318 8,160,105
Weighted average common stock equivalents 119,251 199,124
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Weighted average common stock and equivalents 8,383,569 8,359,229
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Net income $2,157,404 $2,057,297
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Net income per share - Basic $ 0.26 $ 0.26
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Net income per share - Diluted $ 0.25 $ 0.25
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