EX-11 2 p06-1202_ex11.htm COMPUTATION OF EARNINGS PER SHARE Unassociated Document
 

EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except share data)
(Unaudited)

           
   
Three Months Ended
  
   
June 30,
  
   
2006
  
2005
  
Earnings per common share - basic
          
Net income - basic
  
$
802
  
$
840
  
               
Weighted average common shares
              
outstanding - basic
   
2,505,825
    
2,500,407
  
               
Earnings per common share - basic
 
$
0.32
  
$
0.34
  
               
               
Earnings per common share - diluted
              
Net income - basic and diluted
  
$
802
  
$
840
  
               
Weighted average common shares
              
outstanding - basic
   
2,505,825
    
2,500,407
  
Effect of dilutive securities - options
   
61,675
    
67,237
  
Weighted average shares
              
outstanding - diluted
   
2,567,500
    
2,567,644
  
               
Earnings per common share-diluted
 
$
0.31
  
$
0.33