EX-11 4 g79875exv11.htm SOUTHFIRST BANCSHARES, INC. EX-11 STATEMENT RE COMPUTATION PER SHARE EARNINGS
 

EXHIBIT 11

Statement Regarding Computation of Per Share Earnings

Basic

                         
    Year Ended September 30,
   
    2002   2001   2000
   
 
 
Weighted average outstanding shares
     819,260       903,849       908,020  
Net income (loss)
   $ 670,805     $ (422,093 )   $ 961,492  
Net income (loss) per common share
   $ .82     $ (.47 )   $ 1.06  

Diluted

                         
    Year Ended September 30,
   
    2002   2001   2000
   
 
 
Weighted average outstanding shares
     822,631       907,765       908,020  
Net income (loss)
   $ 670,805     $ (422,093 )   $ 961,492  
Net income (loss) per common share
   $ .82     $ .46     $ 1.06