EX-11 3 y55010ex11.txt NET INCOME PER SHARE EXHIBIT 11 COMPUTATION OF NET INCOME PER SHARE FOR THREE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000 (In thousands, except share data)
THREE MONTHS ENDED SIX MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ------------------------- ------------------------- 2001 2000 2001 2000 --------- --------- --------- --------- Earnings per common share -- basic ---------------------------------- Net income.............................. $ 489 $ 281 $ 1,654 $ 430 Preferred dividends..................... (49) (49) (98) (98) --------- --------- --------- --------- Net income -- basic..................... $ 440 $ 232 $ 1,556 $ 332 --------- --------- --------- --------- Weighted average common shares outstanding -- basic.................. 2,276,928 2,256,753 2,280,522 2,254,497 --------- --------- --------- --------- Earning per common share -- basic....... $ 0.19 $ 0.10 $ 0.68 $ 0.15 ========= ========= ========= ========= Earnings per common share -- diluted ------------------------------------ Net income -- basic..................... $ 440 $ 232 $ 1,556 $ 332 Impact of potential conversion of convertible preferred stock to common stock....................... 49 49 98 98 --------- --------- --------- --------- Net income -- diluted................... $ 489 $ 281 $ 1,654 $ 430 ========= ========= ========= ========= Weighted average shares outstanding -- basic................. 2,276,928 2,256,753 2,280,522 2,254,497 Effect of dilutive securities -- convertible preferred stock........... 208,333 208,333 208,333 208,333 --------- --------- --------- --------- Weighted average shares outstanding -- diluted................ 2,485,261 2,465,086 2,488,855 2,462,830 ========= ========= ========= ========= Earning per common share -- diluted..... $ 0.19 $ 0.10 $ 0.66 $ 0.15 ========= ========= ========= =========