EX-11 2 l08628aexv11.txt EX-11 STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS . . . EXHIBIT 11 STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (Dollar amounts in thousands, except share per share data)
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, JUNE 30, JUNE 30, 2004 2003 2004 2003 ---- ---- ---- ---- 1. Net income $ 1,803 $ 1,775 $ 3,320 $ 3,499 ========== ========== ========== ========== 2. Weighted average common shares outstanding 2,983,976 2,975,157 2,987,483 2,974,607 3. Common stock equivalents due to dilutive effect of stock options 139,660 134,601 132,153 114,745 ---------- ---------- ---------- ---------- 4. Total weighted average common shares and equivalents outstanding 3,123,636 3,109,758 3,119,636 3,089,352 ========== ========== ========== ========== 5. Basic earnings per share $ .60 $ .59 $ 1.11 $ 1.17 ========== ========== ========== ========== 6. Diluted earnings per share $ .58 $ .57 $ 1.06 $ 1.13 ========== ========== ========== ==========
All share and per share amounts have been adjusted for a three for two stock split declared October 21, 2003 20