EXHIBIT 11

Exhibit 11

DILUTED EARNINGS PER COMMON SHARE AND DILUTED AVERAGE COMMON SHARES OUTSTANDING
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For diluted earnings per common share, net income available
to common shareholders can be affected by the conversion of
the registrant's convertible preferred stock. Where the
effect of this conversion would have been dilutive, net
income available to common shareholders is adjusted by the
associated preferred dividends. This adjusted net income is
divided by the weighted average number of common shares
outstanding for each period plus amounts representing the
dilutive effect of stock options outstanding and the
dilution resulting from the conversion of the registrant's
convertible preferred stock, if applicable. The effect of
convertible preferred stock is excluded from the computation
of diluted earnings per common share in periods in which the
effect would be antidilutive.

Diluted earnings per common share was determined as follows: