EX-11 3 dex11.txt EXHIBIT 11 EXHIBIT 11 ---------- Statement re: Computation of Earnings Per Share (In thousands, except Earnings per Share Adjusted for the four for three stock split in the form of a stock dividend that took place on August 24, 2001)
Three Months Ended March 31, March 31, 2002 2001 --------- --------- Net income $ 145 $ 152 Average Shares Outstanding 2,997 2,997 Basic Earnings Per Share $ 0.05 $ 0.05 Net income $ 145 $ 152 Average Shares Outstanding before the effect of options 2,997 2,997 Effect of Options 20 -- Average Shares Outstanding including options 3,017 2,997 Diluted Earnings Per Share $ 0.05 $ 0.05