Exhibit 11
Statement re computation of per-share earnings
Basic per share data is calculated based on the weighted-average number of
common shares outstanding during the reported period. Diluted per share
data includes any dilution from potential common stock outstanding, such as
the exercise of stock options.
Six Months Ended Three Months Ended
June 30, June 30,
2000 1999 2000 1999
__________ __________ __________ __________
Numerator:
Net income(loss) $7,503,000 $6,551,000 $3,614,000 $3,127,000
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Denominator:
Denominator for
basic income
(loss) per
share -
weighted
average Shares 7,186,998 7,170,306 7,178,804 7,169,890
Dilutive potential
common shares -
Employee stock
Options 5,522 25,966 4,996 28,541
__________ __________ __________ __________
Denominator for
Diluted earnings
(loss) per share -
Adjusted weighted
Average shares 7,192,520 7,196,272 7,183,800 7,198,431
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