EX-11 3 y52567ex11.txt NET INCOME PER SHARE 1 EXHIBIT 11 COMPUTATION OF NET INCOME PER SHARE FOR THREE MONTHS ENDED JUNE 30, 2001 AND 2000 (In thousands, except share data)
Three Months Ended June 30, ------------------------------- 2001 2000 ----------- ------------- Earnings per common share - basic Net income ................................ $ 1,165 $ 149 Preferred dividends ....................... (49) (49) ----------- ------------- Net income - basic ........................ $ 1,116 $ 100 ----------- ------------- Weighted average common shares outstanding - basic ................. 2,256,441 2,252,216 ----------- ------------- Earning per common share - basic .......... $ 0.49 $ 0.04 ----------- ------------- Earnings per common share - diluted Net income - basic ........................ $ 1,116 $ 100 Impact of potential conversion of convertible preferred stock to common stock ..................... 49 49 ----------- ------------- Net income - diluted ...................... $ 1,165 $ 149 ----------- ------------- Weighted average shares outstanding - basic ................. 2,256,441 2,252,216 Effect of dilutive securities - convertible preferred stock ..................... 208,333 208,333 ----------- ------------- Weighted average shares outstanding - diluted ............... 2,464,774 2,460,549 ----------- ------------- Earning per common share - diluted ........ $ 0.47 Anti-dilutive ===========