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EXHIBIT 11.1
Computation of Earnings per Common Share
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<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Basic Earnings
Net Income to Common Shares $4,640,048 $1,409,032 $9,054,198 $1,530,984
Basic Shares
Weighted Average Outstanding 4,309,189 4,290,079 4,329,615 4,255,737
Basic Earnings per Share $ 1.08 $ 0.33 $ 2.09 $ 0.36
========== ========== ========== ==========
Net Income for Diluted Shares 4,113,848 1,409,032 9,275,598 1,530,984
Diluted Shares
Weighted Average Outstanding 4,901,457 4,290,079 4,783,456 4,255,737
Diluted Earnings per Share $ 0.96 $ 0.33 $ 1.94 $ 0.36
========== ========== ========== ==========
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