EX-11 2 d397754_exh11.txt COMPUTATION OF NET INCOME PER SHARE EXHIBIT 11 COMPUTATION OF NET INCOME PER SHARE (Unaudited) (In thousands, except share data)
THREE MONTHS ENDED SIX MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, --------------------------------- -------------------------- 2005 2004 2005 2004 ---------------- ---------------- ------------ ------------- EARNINGS PER COMMON SHARE - BASIC Net income $ 601 $ 255 $ 1,442 $ 1,337 Preferred dividends -- (49) -- (98) ---------------- ---------------- ------------ ------------- Net income - basic $ 601 $ 206 $ 1,442 $ 1,239 ---------------- ---------------- ------------ ------------- Weighted average common shares outstanding - basic 2,510,477 2,291,761 2,505,469 2,288,190 ---------------- ---------------- ------------ ------------- Earning per common share - basic $ 0.24 $ 0.09 $ 0.58 $ 0.54 ================ ================ ============ ============= EARNINGS PER COMMON SHARE - DILUTED Net income - basic $ 601 $ 206 $ 1,442 $ 1,239 Preferred dividends -- 49 -- 98 ---------------- ---------------- ------------ ------------- Net income- diluted $ 601 $ 255 $ 1,442 $ 1,337 ---------------- ---------------- ------------ ------------- Weighted average common shares outstanding - basic 2,510,477 2,291,761 2,505,469 2,288,190 Effect of dilutive securities - convertible preferred stock -- 208,333 -- 208,333 Effect of dilutive securities - options 62,679 89,018 65,070 97,017 ---------------- ---------------- ------------ ------------- Weighted average shares outstanding - diluted 2,573,156 2,589,112 2,570,539 2,593,540 ---------------- ---------------- ------------ ------------- Earning per common share-diluted $ 0.23 $ 0.09 $ 0.56 $ 0.51 ================ ================ ============ =============