EX-11 2 ex11.htm EXHIBIT 11 Exhibit 11

EXHIBIT 11


APPALACHIAN BANCSHARES, INC.

STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE



The following tabulation presents the calculation of basic and diluted earnings per common share for the three-month periods ended March 31, 2005 and 2004.
 
   
March 31,
  
March 31,
  
   
2005
  
2004
  
           
Basic Earnings per Share
              
               
Net income 
  
$
965,325
  
$
896,453
  
               
Earnings on common shares 
  
$
965,325
  
$
896,453
  
               
Weighted average common shares outstanding - basic 
    
3,778,801
    
3,689,545
  
               
Basic earnings per common share 
  
$
0.26
  
$
0.24
  
               
Diluted Earnings per Share
              
               
Net income 
  
$
965,325
  
$
896,453
  
               
Weighted average common shares outstanding - diluted 
    
3,929,673
    
3,862,309
  
               
Diluted earnings per common share 
  
$
0.25
  
$
0.23