EX-11 2 june302011exhibit11.htm COMPUTATION OF LOSS PER SHARE June 30 2011 Exhibit 11


EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except share data)
(Unaudited)




 
 
Three Months Ended
 
 
June 30,
 
 
2011
2010
Loss per common share - basic
 
 
 
Net (loss) income
 
$
(6,131
)
$
(2,491
)
Less: Capital Purchased Program "CPP" Preferred Dividends
 
96

237

Dividends paid and undistributed (losses)/earnings
 
 
 
allocated to participating securities
 
—

(22
)
Net Loss Available to Common Shareholders
 
$
(6,227
)
$
(2,706
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
2,485,815

2,482,740

 
 
 
 
Loss per common share
 
$
(2.51
)
$
(1.09
)
Diluted Loss per common share
 
N/A

N/A