EX-11 2 exhibit11.txt STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE Exhibit 11. Computation Re: Earnings Per Share The following table shows the computation of earnings per shares: (dollars in thousands, except per share amounts) (unaudited)
----------------------------------------------- ---------------------------------------------------- Three Months Ended, Nine Months Ended, ----------------------------------------------- ---------------------------------------------------- September 30, 2006 September 30, 2005 September 30, 2006 September 30, 2005 ------------------------ --------------------- -------------------------- ------------------------- 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 $4,143 20,335 $0.20 $4,676 19,160 $0.24 $12,776 20,279 $0.63 $13,611 19,149 $0.71 ====== ===== ======= ====== Effect of Dilutive Shares Options issued to management 598 447 549 436 -------- ------ ------- ------- Diluted Earnings per Common Share $4,143 20,933 $0.20 $4,676 19,607 $0.24 $12,776 20,828 $0.61 $13,611 19,585 $0.69 ======= ======== ====== ====== ====== ===== ======= ======= ======= ======= ======= ======