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Exhibit 11
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Statement re: Computation of Earnings Per Share
(In thousands, except Earnings per Share)
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<CAPTION>
Three Months Ended
September 30, September 30,
2000 1999
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<S> <C> <C>
Net income $ 311 $ 227
Average Shares Outstanding 2,298 2,323
Basic Earnings Per Share $ 0.14 $ 0.10
Net income $ 311 $ 227
Average Shares Outstanding before the
effect of options 2,298 2,323
Effect of Options -- --
Average Shares Outstanding including
options 2,298 2,323
Diluted Earnings Per Share $ 0.14 $ 0.10
Nine Months Ended
September 30, September 30,
2000 1999
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<S> <C> <C>
Net income $ 670 $ 505
Average Shares Outstanding 2,314 2,318
Basic Earnings Per Share $ 0.29 $ 0.22
Net income $ 670 $ 505
Average Shares Outstanding before the
effect of options 2,314 2,318
Effect of Options -- --
Average Shares Outstanding including
options 2,314 2,318
Diluted Earnings Per Share $ 0.29 $ 0.22
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