EX-11 2 v51181exv11.htm EX-11 exv11
Exhibit 11
WSB FINANCIAL GROUP, INC.
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share — Basic
                                         
    2008     2007     2006     2005     2004  
 
                                        
Income (Loss) From Continuing Operations
     ($32,652 )     ($5,200 )   $ 3,885     $ 2,412     $ 1,340  
Income (Loss) From Discontinued Operations, Net of Tax
     0       0       0       0       0  
 
                              
Earnings (Loss) Before Cumulative Effect of a Change in Accounting Principal
     ($32,652 )     ($5,200 )   $ 3,885     $ 2,412     $ 1,340  
Cumulative Effect of a Change in Accounting Principle, Net of Tax
     0       0       0       0       0  
 
                              
Net Earnings (Loss)
     ($32,652 )     ($5,200 )   $ 3,885     $ 2,412     $ 1,340  
 
                              
Weighted Average Number of Shares Outstanding — Basic
     5,574,853       5,565,123       2,870,022       2,642,628       2,270,211  
Earnings (Loss) Per Share — Basic:
                                        
Continuing operations
     ($5.86 )     ($0.93 )   $ 1.35     $ 0.91     $ 0.59  
Discontinued operations
   $ 0.00     $ 0.00     $ 0.00     $ 0.00     $ 0.00  
 
                              
Earnings (Loss) per share before cumulative effect of a change in accounting principle
     ($5.86 )     ($0.93 )   $ 1.35     $ 0.91     $ 0.59  
Cumulative effect of a change in accounting principle
   $ 0.00     $ 0.00     $ 0.00     $ 0.00     $ 0.00  
 
                              
Earnings (Loss) Per Share — Basic
     ($5.86 )     ($0.93 )   $ 1.35     $ 0.91     $ 0.59  
 
                              

11-1

 

WSB FINANCIAL GROUP, INC.
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share — Diluted
                                         
    2008     2007     2006     2005     2004  
 
                                        
Income (Loss) From Continuing Operations
     ($32,652 )     ($5,200 )   $ 3,885     $ 2,412     $ 1,340  
Income (Loss) From Discontinued Operations, Net of Tax
     0       0       0       0       0  
 
                              
Earnings (Loss) Before Cumulative Effect of a Change in Accounting Principal
     ($32,652 )     ($5,200 )   $ 3,885     $ 2,412     $ 1,340  
Cumulative Effect of a Change in Accounting Principle, Net of Tax
     0       0       0       0       0  
 
                              
Net Earnings (Loss)
     ($32,652 )     ($5,200 )   $ 3,885     $ 2,412     $ 1,340  
 
                              
Weighted Average Number of Shares Outstanding
     5,574,853       5,565,123       2,870,022       2,642,628       2,270,211  
Net Shares Assumed to be Issued for Stock Options
     0       0       415,600       282,464       159,366  
 
                              
Weighted Average Number of Shares Outstanding — Diluted
     5,574,853       5,565,123       3,285,622       2,925,092       2,429,577  
Earnings (Loss) Per Share — Diluted:
                                        
Continuing operations
     ($5.86 )     ($0.93 )   $ 1.18     $ 0.82     $ 0.55  
Discontinued operations
   $ 0.00     $ 0.00     $ 0.00     $ 0.00     $ 0.00  
 
                              
Earnings (loss) per share before cumulative effect of a change in accounting principle
     ($5.86 )     ($0.93 )   $ 1.18     $ 0.82     $ 0.55  
Cumulative effect of a change in accounting principle
   $ 0.00     $ 0.00     $ 0.00     $ 0.00     $ 0.00  
 
                              
Earnings (Loss) Per Share — Diluted
     ($5.86 )     ($0.93 )   $ 1.18     $ 0.82     $ 0.55  
 
                              
Earnings (Loss) Per Share — Basic
     ($5.86 )     ($0.93 )   $ 1.35     $ 0.91     $ 0.59  
 
                              
Dilutive Effect Per Share
   $ 0.00     $ 0.00       ($0.17 )     ($0.09 )     ($0.04 )
 
                              

11-2