EX-11 2 c08459exv11.htm EXHIBIT 11 Exhibit 11
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE

(In thousands, except share data)
(Unaudited)
                                 
    Three Months Ended     Six Months Ended  
    September 30,     September 30,  
    2010     2009*     2010     2009*  
Earnings per common share — basic
                               
Net (loss) income
  $ (23,362 )   $ (309 )   $ (25,855 )   $ 386  
Less: CPP Preferred Dividends
    269       237       506       474  
Dividends paid and undistributed (losses)/earnings allocated to participating securities
    (172 )     (4 )     (187 )     2  
 
                       
Net Income Available to Common Shareholders
  $ (23,459 )   $ (542 )   $ (26,174 )   $ (90 )
 
                       
 
                               
Weighted average common shares outstanding
    2,483,025       2,474,719       2,482,883       2,472,383  
 
                       
 
                               
Earnings per common share
  $ (9.44 )   $ (0.22 )   $ (10.53 )   $ (0.04 )
 
                       
     
(1)  
As of September 30, 2010, there were no potentially dilutive shares except for 54,369 unvested restricted shares which are also participating securities.
 
*  
Restated as previously disclosed in a Form 8-K filed with the Securities and Exchange Commission on July 15, 2010.