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 September 30, Outstanding Income Common Share --------------------------------------------------------------------------------------------------------------------------- 2001 10,035,819 $ 1,503 $ 0.15 2000 10,036,853 7,094 0.71 --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- (Dollars in Thousands Except Per Share Data and Number of Shares) --------------------------------------------------------------------------------------------------------------------------- Weighted Average Nine-month Periods Ended Number of Shares Net Earnings Per September 30, Outstanding Income Common Share --------------------------------------------------------------------------------------------------------------------------- 2001 10,035,819 $ 11,935 $ 1.19 2000 10,051,086 11,425 1.14 ---------------------------------------------------------------------------------------------------------------------------
Computation of weighted average number of common and common equivalent shares:
------------------------------------------------------------------------------------------------------------------------ Three-Month Periods Ended September 30, 2001 2000 ------------------------------------------------------------------------------------------------------------------------ Common shares outstanding beginning of the period 10,035,819 10,056,499 Weighted average of the common shares purchased and retired or reissued - (19,646) ------------------------------------------------------------------------------------------------------------------------ Weighted average number of common shares 10,035,819 10,036,853 ======================================================================================================================== ------------------------------------------------------------------------------------------------------------------------ Nine-month Periods Ended September 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 - (8,998) ------------------------------------------------------------------------------------------------------------------------ Weighted average number of common shares 10,035,819 10,051,086 ========================================================================================================================
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