EX-11 2 dex11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11. STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
--------------------------------------------------------------------------------------------------------- (Dollars in Thousands Except Per Share Data) --------------------------------------------------------------------------------------------------------- Weighted Average Earnings Number of Shares Net Per Years Ended December 31 Outstanding Income Common Share --------------------------------------------------------------------------------------------------------- 2000 10,047,248 $15,527 $1.55 1999 10,079,563 15,384 1.53 1998 10,393,930 23,677 2.28 ---------------------------------------------------------------------------------------------------------
Computation of weighted average number of common and common equivalent shares:
Years Ended December 31 --------------------------------------------------------------------------------------------------------- 2000 1999 1998 --------------------------------------------------------------------------------------------------------- Common shares outstanding beginning of the period 10,060,084 10,091,721 10,727,322 Weighted average of the common shares purchased and retired or reissued (12,836) (12,158) (333,392) --------------------------------------------------------------------------------------------------------- Weighted average number of common shares 10,047,248 10,079,563 10,393,930 =========================================================================================================