EX-11.00 2 sept302012exhibit11.htm EXHIBIT Sept 30 2012 Exhibit 11


EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)

$ in thousands
 
Three Months Ended
 
Six Months Ended
 
 
September 30,
 
September 30,
 
 
2012

 
2011

 
2012
 
2011
Loss per common share - basic
 
 
 
 
 
 
 
 
Net loss
 
$
(136
)
 
$
(9,450
)
 
$
(499
)
 
$
(15,580
)
Less: Capital Purchase Program "CPP" Preferred Dividends
 
—

 
288

 
—

 
288

Net Loss Available to Common Shareholders
 
$
(136
)
 
$
(9,738
)
 
$
(499
)
 
$
(15,620
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding (1)
 
3,695,653

 
165,983

 
3,695,597

 
165,852

 
 
 
 
 
 
 
 
 
Loss per common share
 
$
(0.04
)
 
$
(58.67
)
 
$
(0.14
)
 
$
(95.68
)

(1) Common share count for all periods presented reflects a 1-for-15 reverse stock split which was effective on October 27, 2011