EX-11 2 e19649ex11.txt EXHIBIT 11 - COMPUTATION PER SHARE EARNINGS Exhibit 11. Computation Re: Earnings Per Share (amounts in thousands, except per share amounts) (unaudited)
Three Months Ended, Nine Months Ended, --------------------------------------------------- --------------------------------------------------- September 30, 2004 September 30, 2003 September 30, 2004 September 30, 2003 ------------------------ ------------------------ ------------------------ ------------------------ Weighted Per Weighted Per Weighted Per Weighted Per Average Share Average Share Average Share Average Share Income Shares Amount Income Shares Amount Income Shares Amount Income Shares Amount ------ -------- ------ ------ -------- ------ ------ -------- ------ ------ -------- ------ Basic Earnings per Common Share Income available to common shareholders $4,661 12,744 $0.37 $4,511 12,772 $0.35 $13,002 12,751 $1.02 $12,054 11,483 $1.05 ===== ===== ===== ===== Effect of Dilutive Shares Options issued to management 232 198 231 151 ------ ------ ------ ------ Diluted Earnings per Common Share $4,661 12,976 $0.36 $4,511 12,970 $0.35 $13,002 12,982 $1.00 $12,054 11,634 $1.04 ====== ====== ===== ====== ====== ===== ======= ====== ===== ======= ====== =====