----

|                                                          |   |     Three      Months                      |      |
|---------------------------------------------------------------|--------|-----------------------------------------------------------|-----------|
|                                                          |   |        Ended March      31, |      |
|                                                          |   | 2008                                                      |      |   | 2007 |   |
|                                                          |   |                                                      |      |   |   |   |
| Basic      Earnings Per Share                                 |   |                                                      |      |   |   |   |
| Net income                                                    |   | $                                                         | 295,659   |   |   | $ | 4,667,027 |   |
|                                                          |   |                                                      |      |   |   |   |   |   |
| Earnings on common      shares                                |   | $                                                         | 295,659   |   |   | $ | 4,667,027 |   |
|                                                          |   |                                                      |      |   |   |   |   |   |
| Weighted average common      sharesoutstanding -    basic     |   |                                                      | 7,917,922 |   |   |   | 7,909,664 |   |
|                                                          |   |                                                      |      |   |   |   |   |   |
| Basic earnings per common      share                          |   | $                                                         | 0.04      |   |   | $ | 0.59 |   |
|                                                          |   |                                                      |      |   |   |   |   |   |
| Diluted      Earnings Per Share                               |   |                                                      |      |   |   |   |   |   |
| Net income                                                    |   | $                                                         | 295,659   |   |   | $ | 4,667,027 |   |
|                                                          |   |                                                      |      |   |   |   |   |   |
| Earnings on common      shares                                |   | $                                                         | 295,659   |   |   | $ | 4,667,027 |   |
|                                                          |   |                                                      |      |   |   |   |   |   |
| Weighted average common      sharesoutstanding -      diluted |   |                                                      | 8,043,606 |   |   |   | 8,040,403 |   |
|                                                          |   |                                                      |      |   |   |   |   |   |
| Diluted earnings per common      share                        |   | $                                                         | 0.04      |   |   | $ | 0.58 |   |
|                                                          |   |                                                      |      |   |   |   |   |   |
|                                                          |   |                                                      |      |   |   |   |   |   |