EX-11 3 dex11.txt COMPUTATION OF EARNINGS Exhibit 11. Computation of Earnings Per Common Share
------------------------------------------------------------------------------------------------------------------------ (Dollars in Thousands Except Per Share Data and Number of Shares) ------------------------------------------------------------------------------------------------------------------------ Weighted Average Three-Month Periods Ended Number of Shares Net Earnings Per June 30, Outstanding Income(Loss) Common Share ------------------------------------------------------------------------------------------------------------------------ 2001 10,035,819 $ (215) $ (.02) 2000 10,056,499 949 0.09 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ (Dollars in Thousands Except Per Share Data and Number of Shares) ------------------------------------------------------------------------------------------------------------------------ Weighted Average Six-Month Periods Ended Number of Shares Net Earnings Per June 30, Outstanding Income Common Share ------------------------------------------------------------------------------------------------------------------------ 2001 10,035,819 $10,432 $ 1.04 2000 10,058,280 4,331 0.43 ------------------------------------------------------------------------------------------------------------------------ Computation of weighted average number of common and common equivalent shares: ------------------------------------------------------------------------------------------------------------------------ Three-Month Periods Ended June 30, 2001 2000 ------------------------------------------------------------------------------------------------------------------------ Common shares outstanding beginning of the period 10,035,819 10,057,999 Weighted average of the common shares purchased and retired or reissued - (1,500) ------------------------------------------------------------------------------------------------------------------------ Weighted average number of common shares 10,035,819 10,056,499 ======================================================================================================================== ------------------------------------------------------------------------------------------------------------------------ Six-Month Periods Ended June 30, 2001 2000 ------------------------------------------------------------------------------------------------------------------------ Common shares outstanding beginning of the period 10,035,819 10,060,084 Weighted average of the common shares purchased and retired or reissued - (1,804) ------------------------------------------------------------------------------------------------------------------------ Weighted average number of common shares 10,035,819 10,058,280 ========================================================================================================================
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