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Exhibit 11.1
EPS
(in thousands, except per share data)
Six Months Ended Tweleve Months Ended
June 30, December 31,
2000 1999 1999 1998 1997
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PRIMARY EARNINGS PER SHARE
Net income 5,232 3,114 5,246 3,761 3,439
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Weighted average common
shares outstanding 14,742 13,865 13,900 13,521 12,890
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Primary earnings per
common share 0.35 0.22 0.38 0.28 0.27
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FULLY DILUTED EARNINGS PER SHARE
Net income 5,232 3,114 5,246 3,761 3,439
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Weighted average common
shares outstanding 14,742 13,865 13,900 13,521 12,890
Dilutive stock options 951 1,150 -- 1,244 --
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Fully diluted weighted
average common shares
outstanding 15,693 15,015 13,900 14,765 12,890
====== ====== ====== ====== ======
Fully diluted earnings per
common share 0.33 0.21 0.38 0.25 0.27
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