EXHIBIT 11
Statement of Computation of Per Share Earnings
Set forth below are the bases for the computation of earnings per share for the periods shown.
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Three Months Ended |
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March 31, |
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2008 |
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2007 |
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Earnings Per Common Share |
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Basic |
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$ |
0.10 |
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$ |
0.14 |
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Average Shares Outstanding |
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7,610,039 |
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7,108,923 |
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Diluted |
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$ |
0.10 |
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$ |
0.14 |
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Average Shares Outstanding (including dilutive effect of stock options) |
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7,748,962 |
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7,293,827 |
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Fiscal Year Ended |
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December 31, |
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2007 |
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2006 |
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Earnings Per Common Share |
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|
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|
Basic |
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$ |
0.53 |
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$ |
0.53 |
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Average Shares Outstanding |
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7,607,780 |
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7,103,243 |
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Diluted |
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$ |
0.52 |
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$ |
0.51 |
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Average Shares Outstanding (including dilutive effect of stock options) |
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7,767,604 |
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7,345,127 |
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