Exhibit 11
<TABLE>
<CAPTION>
Computation of Per Share Earnings
Three Months Ended Six Months Ended
June 30, June 30,
-------------------------- --------------------------
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
EARNINGS
--------
Net Earnings $ 1,744,028 $ 2,418,761 $ 3,436,761 $ 4,917,219
=========== =========== =========== ===========
SHARES
Weighted Average Number of
Common Shares Outstanding (See Note) 5,661,661 5,904,794 5,661,399 5,896,854
Additional Shares Assuming
Conversion of Stock Options 13,186 90,024 17,260 86,210
----------- ----------- ----------- -----------
Weighted Average Common Shares
Outstanding and Equivalents 5,674,847 5,994,818 5,678,659 5,983,064
=========== =========== =========== ===========
Basic Net Earnings Per Share $ .31 $ .41 $ .61 $ .83
=========== =========== =========== ===========
Diluted Net Earnings Per Share $ .31 $ .40 $ .61 $ .82
=========== =========== =========== ===========
Note: All activity during the year has been adjusted for the number of days in
the year that the shares were outstanding.
</TABLE>
