EX-11 5 dex11.txt COMPUTATIONS OF EARNINGS PER SHARE EXHIBIT 11 Statement re: Computation of Earnings Per Share (In thousands, except Earnings per Share)
Three Months Ended June 30, 2001 June 30, 2000 ------------- ------------- Net income $ 49 $ 216 Average Shares Outstanding 2,240 2,322 Basic Earnings Per Share $ 0.02 $ 0.09 Net income $ 49 $ 216 Average Shares Outstanding before the effect of options 2,240 2,322 Effect of Options -- -- Average Shares Outstanding including options 2,240 2,322 Diluted Earnings Per Share $ 0.02 $ 0.09 Six Months Ended June 30, 2001 June 30, 2000 ------------- ------------- Net income $ 200 $ 358 Average Shares Outstanding 2,251 2,323 Basic Earnings Per Share $ 0.09 $ 0.15 Net income $200 $ 358 Average Shares Outstanding before the effect of options 2,251 2,323 Effect of Options -- -- Average Shares Outstanding including options 2,251 2,323 Diluted Earnings Per Share $ 0.09 $ 0.15