EX-11 2 june302017exhibit11.htm EXHIBIT 11 Exhibit


EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(Unaudited)

 
 
Three Months Ended
June 30,
$ in thousands except per share data
 
2017
 
2016
Restated (1)
Earnings (loss) per common share
 
 
 
 
Net (loss) income
 
$
(611
)
 
$
325

Less: Participated securities share of undistributed earnings
 
—

 
195

Net (loss) income available to common shareholders of Carver Bancorp, Inc.
 
$
(611
)
 
$
130

 
 
 
 
 
Weighted average common shares outstanding - basic
 
3,696,420

 
3,696,420

Effect of dilutive MRP shares
 
—

 
4,000

Weighted average common shares outstanding - diluted
 
3,696,420

 
3,700,420

 
 
 
 
 
Basic (loss) earnings per common share
 
$
(0.17
)
 
$
0.04

Diluted (loss) earnings per common share
 
$
(0.17
)
 
$
0.04

(1) June 30, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Note 1 for further detail.