EX-11 3 carver_ex11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 COMPUTATION OF NET INCOME PER SHARE FOR THREE MONTHS ENDED JUNE 30, 2002 AND 2001 (Unaudited) (In thousands, except share data)
Three Months Ended June 30, ------------------------------------ 2002 2001 ----------------- ----------------- Earnings per common share - basic Net income $874 $1,165 Preferred dividends (49) (49) ----------------- ----------------- Net income - basic $825 $1,116 ----------------- ----------------- Weighted average common shares outstanding - basic 2,286,733 2,256,441 ----------------- ----------------- Earning per common share - basic $0.36 $0.49 ================= ================= Earnings per common share - diluted Net income - basic $825 $1,116 Impact of potential conversion of convertible preferred stock to common stock 49 49 ----------------- ----------------- Net income- diluted $874 $1,165 ================= ================= Weighted average common shares outstanding - basic 2,286,733 2,256,441 Effect of dilutive securities - convertible preferred stock 208,333 208,333 Effect of dilutive securities - options 32,751 - ----------------- ----------------- Weighted average shares outstanding - diluted 2,527,817 2,464,774 ================= ================= Earning per common share-diluted $0.35 $0.47 ================= =================