EX-11.0 2 ex11_0.htm EXHIBIT 11.0 ex11_0.htm
Exhibit 11.0
 
COMPUTATION OF EARNING PER SHARE
(In Thousands, except for per share data)
 
                 
 
  
Three months ended
 June 30, 2011
  
  
Six months ended
 June 30,2011
  
     
Income available to common shareholders
  
$
1,952
  
  
$
3,873
  
     
Weighted average shares outstanding
  
  
9,356
  
  
  
9,375
  
     
Basic earnings per share
  
$
0.21
  
  
$
0.41
  
     
Income for diluted earnings per share
  
$
1,952
  
  
$
3,873
  
     
Total weighted average common shares and equivalents outstanding for diluted computation (1)
  
  
9,374
  
  
  
9,394
  
     
Diluted earnings per share
  
$
0.21
    
$
0.41
  
 
__________
 (1) All related to outstanding stock options.
 
 
 
 
 
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