EX-11 3 doc2.txt COMPUTATION OF NET INCOME PER SHARE EXHIBIT 11
GATEWAY BANCSHARES, INC. CONSOLIDATED STATEMENT RE COMPUTATION OF EARNINGS PER SHARE (unaudited) The following tabulation presents the calculation of basic and diluted earnings per common share for the three- and six-month periods ended June 30, 2003 and 2002. Three Months Ended Six Months Ended -------------------- -------------------- June 30, June 30, June 30, June 30, 2003 2002 2003 2002 --------- --------- --------- --------- Basic net income $ 344,824 $ 301,121 $ 736,005 $ 586,870 ========= ========= ========= ========= Basic earnings on common shares $ 344,824 $ 301,121 $ 736,005 $ 586,870 ========= ========= ========= ========= Weighted average common shares outstanding, basic 681,461 681,758 681,608 681,668 ========= ========= ========= ========= Basic earnings per common share $ 0.51 $ 0.44 $ 1.08 $ 0.86 ========= ========= ========= ========= Basic net income per common share $ 0.51 $ 0.44 $ 1.08 $ 0.86 ========= ========= ========= ========= Diluted net income $ 344,824 $ 301,121 $ 736,005 $ 586,870 ========= ========= ========= ========= Diluted earnings on common shares $ 344,824 $ 301,121 $ 736,005 $ 586,870 ========= ========= ========= ========= Weighted average common shares outstanding, diluted 707,258 689,660 720,789 689,886 ========= ========= ========= ========= Diluted earnings per common share $ 0.49 $ 0.44 $ 1.02 $ 0.85 ========= ========= ========= ========= Diluted net income per common share $ 0.49 $ 0.44 $ 1.02 $ 0.85 ========= ========= ========= =========
- 19 -