EX-1
from 10-K
1 page
Exhibit No. 11 Statement Re: Computation of Per Share Earnings. Year Ended December 31, 1996 1. Net Income . . . . . . . . . . . . . . . . . . . $1,314,877 2. Weighted Average Common Shares Outstanding . . . 1,123,060 3. Common Stock Equivalents Due to Dilutive Effect 15,533 of Stock Options . . . . . . . . . . . . . . . . 4. Total Weighted Average Common Shares and 1,138,593 Equivalents Outstanding . . . . . . . . . . . . . 5. Primary Earnings Per Share . . . . . . . . . . . $1.17 6. Total Weighted Average Common Shares and 1,138,593 Equivalents Outstanding . . . . . . . . . . . . . 7. Additional Dilutive Shares Using End of Period -- Market Value Versus Average Market Value for the Period When Utilizing the Treasury Stock Method Regarding Stock Options . . . . . . . . . . . . . 8. Total Outstanding Shares for Fully Diluted 1,138,593 Earnings Per Share Computation . . . . . . . . . 9. Fully Diluted Earnings Per Share . . . . . . . . $1.15
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