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,
  
   
2008
    
2007
  
Earnings per common share - basic
            
Net income
   $ 686     $ 1,143  
                 
Weighted average common shares outstanding
     2,479,328       2,505,371  
                 
Earnings per common share
   $ 0.28     $ 0.46  
                 
                 
Earnings per common share – diluted
                
Net income
   $ 686     $ 1,143  
                 
Weighted average common shares outstanding – basic
     2,479,328       2,505,371  
Effect of dilutive securities - stock options and unvested restricted stock
     37,730       75,794  
Weighted average shares outstanding – diluted
     2,517,058       2,581,165  
                 
Earnings per common share
   $ 0.27     $ 0.44