EX-11 3 exh11.htm EXHIBIT 11 Exhibit Number 11

Exhibit Number 11

DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARY

STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

Fiscal Year Ended June 30,

2001

2000

1999

Numerator:

      

Net Income

$25,240

$22,374

$19,861

Denominator:

      

Average shares outstanding utilized in the calculation of

basic earnings per share

10,598

11,276

10,951
       

Unvested shares of Recognition and Retention Plan

177

268

372

Common stock equivalents due to the dilutive effect of

stock options

409

252

528

Average shares outstanding utilized in the calculation of

diluted earnings per share

11,184

11,796

11,851

Note: All shares amounts stated above do not reflect the Company's 3-for-2 stock split in the form of a 50% stock dividend that was paid on August 21, 2001.