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Exhibit 11 - Computation of per share earnings
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Six Months Ended Three Months Ended
June 30, June 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Weighted average common shares outstanding 1,214,5141 1,235,136 1,213,741 1,231,241
Weighted average equivalent shares --- --- --- ---
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Weighted average common and common stock
equivalent shares outstanding 1,214,514 1,235,136 1,213,741 1,231,241
========== ========== ========== ==========
Net income $ 927,594 $ 896,072 $ 478,854 $ 488,613
========== ========== ========== ==========
Earnings per share:
Basic $ 0.76 $ 0.73 $ 0.39 $ 0.40
========== ========== ========== ==========
Diluted $ 0.76 $ 0.73 $ 0.39 $ 0.40
========== ========== =========== ==========
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