EX-11 2 0002.txt COMPUTATION OF EARNINGS PER COMMON SHARE Exhibit 11. Computation of Earnings Per Common Share
--------------------------------------------------------------------------------------------------- (Dollars in Thousands Except Per Share Data and Number of Shares) --------------------------------------------------------------------------------------------------- Weighted Average Three-Month Periods Ended Number of Shares Net Earnings Per June 30, Outstanding Income Common Share --------------------------------------------------------------------------------------------------- 2000 10,056,499 $ 949 $0.09 1999 10,081,320 541 0.05 --------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- (Dollars in Thousands Except Per Share Data and Number of Shares) --------------------------------------------------------------------------------------------------- Weighted Average Six-Month Periods Ended Number of Shares Net Earnings Per June 30, Outstanding Income Common Share --------------------------------------------------------------------------------------------------- 2000 10,058,280 $4,331 $0.43 1999 10,086,492 3,505 0.35 ---------------------------------------------------------------------------------------------------
Computation of weighted average number of common and common equivalent shares:
--------------------------------------------------------------------------------------------------- Three-Month Periods Ended June 30, 2000 1999 --------------------------------------------------------------------------------------------------- Common shares outstanding beginning of the period 10,057,999 10,091,721 Weighted average of the common shares purchased and retired or reissued (1,500) (10,401) --------------------------------------------------------------------------------------------------- Weighted average number of common shares 10,056,499 10,081,320 =================================================================================================== --------------------------------------------------------------------------------------------------- Six-Month Periods Ended June 30, 2000 1999 --------------------------------------------------------------------------------------------------- Common shares outstanding beginning of the period 10,060,084 10,091,721 Weighted average of the common shares purchased and retired or reissued (1,804) (5,229) --------------------------------------------------------------------------------------------------- Weighted average number of common shares 10,058,280 10,086,492 ===================================================================================================
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