EX-11 3 dex11.txt EXHIBIT 11 EXHIBIT 11 ---------- Statement re: Computation of Earnings Per Share (In thousands, except Earnings per Share)
Three Months Ended September 30, September 30, 2001 2000 --------------- ---------------- Net income $ 121 $ 311 Average Shares Outstanding 2,549 2,322 Basic Earnings Per Share $ 0.05 $ 0.09 Net income $ 121 $ 216 Average Shares Outstanding before the effect of options 2,549 2,322 Effect of Options 4 -- Average Shares Outstanding including options 2,553 2,322 Diluted Earnings Per Share $ 0.05 $ 0.09 Nine Months Ended September 30, September 30, 2001 2000 --------------- ----------------- Net income $ 322 $ 670 Average Shares Outstanding 2,348 2,314 Basic Earnings Per Share $ 0.14 $ 0.29 Net income $ 322 $ 670 Average Shares Outstanding before the effect of options 2,348 2,314 Effect of Options 4 -- Average Shares Outstanding including options 2,352 2,314 Diluted Earnings Per Share $ 0.14 $ 0.29