EX-11 2 dex11.txt COMPUTATION OF EARNINGS PER COMMON SHARE 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 March 31, Outstanding Income Common Share -------------------------------------------------------------------------------------------------------------------------- 2001 10,035,819 $ 10,647 $ 1.06 2000 10,060,061 3,382 0.34 --------------------------------------------------------------------------------------------------------------------------
Computation of weighted average number of common and common equivalent shares:
-------------------------------------------------------------------------------------------------------------------------- Three-Month Periods Ended March 31, 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 - (23) -------------------------------------------------------------------------------------------------------------------------- Weighted average number of common shares 10,035,819 10,060,061 ==========================================================================================================================