EX-11 4 ex11200410k.htm EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS Exhibit 11 Computation of Per Share Earnings

Exhibit 11

EARNINGS PER SHARE
   
Net income for the year ended December 31, 2004
$20,252,000
Weighted average common shares outstanding
15,868,4291
Assumed incremental common shares issued upon exercise of stock options
216,128
Weighted average common shares for diluted earnings per share
16,084,557
Earnings per common share - basic
$1.28
Earnings per common share - diluted
$1.26