EX-11 5 ex11.htm EARNINGS PER SHARE COMPUTATION DENMARK BANCSHARES, INC

DENMARK BANCSHARES, INC.

EXHIBIT (11.1)

STATEMENT RE COMPUTATION OF PER SHARE EARNINGS

For the Years Ended December 31,

2009

2008

2007

Net income

$878,323

$3,791,233

$3,310,155

Weighted average shares outstanding

119,002

119,053

119,053

Net income per share

$7.38

$31.84

$27.80