EX-11 2 l31651aexv11.htm EX-11 EX-11
    EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(Dollar amounts in thousands, except share per share data)
                 
    Three Months Ended
    March 31,   March 31,
    2008   2007
 
1.    Net income
   $ 2,528     $ 1,844  
     
2.    Weighted average common shares outstanding
     3,207,232       3,194,309  
3.    Common stock equivalents due to dilutive effect of stock options
     35,239       45,170  
     
4.    Total weighted average common shares and equivalents outstanding
     3,242,471       3,239,479  
     
5.    Basic earnings per share
   $ .79     $ .58  
     
6.    Diluted earnings per share
   $ .78     $ .57  
     

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