EX-11.1 2 ex11.htm EXHIBIT 11 ex11.htm
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except share data)
(Unaudited)

   
Three Months Ended
    
Six Months Ended
  
   
September 30,
    
September 30,
  
   
2007
    
2006
    
2007
    
2006
  
Earnings (loss) per common share - basic
                        
Net income (loss)
   $
764
     $ (904 )   $
1,907
     $ (102 )
                                 
Weighted average common shares outstanding
    
2,490,045
      
2,509,088
      
2,497,666
      
2,507,466
  
                                 
Earning (loss) per common share
   $
0.31
     $ (0.36 )   $
0.76
     $ (0.04 )
                                 
                                 
Earnings (loss) per common share – diluted
                                
Net income (loss)
   $
764
     $ (904 )   $
1,907
     $ (102 )
                                 
Weighted average common shares outstanding – basic
    
2,490,045
      
2,509,088
      
2,497,666
      
2,507,466
  
Effect of dilutive securities - stock options and unvested restricted stock
    
69,462
      
60,914
      
72,104
      
61,503
  
Weighted average shares outstanding – diluted
    
2,559,507
      
2,570,002
      
2,569,770
      
2,568,969
  
                                 
Earning (loss) per common share
   $
0.30
     $ (0.36 )   $
0.74
     $ (0.04 )
 
 
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