EX-11 2 ex11.htm EXHIBIT 11 ex11.htm
 
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except share data)
(Unaudited)

   
Three Months Ended
June 30,
  
   
2007
    
2006
  
Earnings per common share – basic:
            
             
Net income
   $
1,143
     $
802
  
                 
Weighted average common shares outstanding – basic
    
2,505,371
      
2,505,825
  
                     
Earnings per common share – basic
   $
0.46
     $
0.32
  
                 
                 
Earnings per common share – diluted:
                
                 
Net income
   $
1,143
     $
802
  
                 
Weighted average common shares outstanding – basic
    
2,505,371
      
2,505,825
  
                 
Effect of dilutive securities – stock options and unvested restricted stock
    
75,794
      
79,554
  
                 
Weighted average shares outstanding – diluted
    
2,581,165
      
2,585,379
  
                     
Earnings per common share – diluted
   $
0.44
     $
0.31
  
 
 
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