EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
(in thousands, except for per share data) Three Months Ended March 31 2001 2000 ---- ---- Net income $1,206 $1,008 ====== ====== Basic earnings per share weighted average shares 6,363 6,252 Net effect of dilutive stock options 321 314 ------ ------ Diluted earnings per share weighted average shares 6,684 6,566 ====== ====== Basic earnings per share $.19 $.16 ====== ====== Diluted earnings per share $.18 $.15 ====== ======