EX-11 2 exhibit11.txt COMPUTATION OF 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, 2005 September 30, 2004 September 30, 2005 September 30, 2004 ------------------------ ------------------------- ------------------------ ------------------------- Weighted Per Weighted Per Weighted Per Weighted Per Net Average Share Net Average Share Net Average Share Net Average Share Income Shares Amount Income Shares Amount Income Shares Amount Income Shares Amount ------- ------- --------- ------ --------- ------- ------- ------- --------- ------- -------- ------- Basic Earnings per Common Share Net income available to common shareholders $4,676 19,160 $0.24 $4,661 19,116 $0.24 $13,611 19,149 $0.71 $13,002 19,126 $0.68 ====== ====== ====== ====== Effect of Dilutive Shares Weighted average shares if converted 447 348 436 347 -------- --------- -------- -------- Diluted Earnings per Common Share Net income available to common shareholders $4,676 19,607 $0.24 $4,661 19,464 $0.24 $13,611 19,585 $0.69 $13,002 19,473 $0.67 ======= ========= ====== ======= ======== ====== ======= ======== ====== ======= ======== ======
All share and per share data were restated to reflect the 3-for-2 stock split declared on January 18, 2005 and paid on February 18, 2005.