EX-11 4 h89914ex11.txt COMPUTATION OF EARNINGS PER SHARE 1 EXHIBIT 11 CENTURY BANCSHARES, INC. COMPUTATION OF EARNINGS PER COMMON SHARE JUNE 30, 2001 CENTURY BANCSHARES, INC. Computation of Earnings Per Common Share Three and Six Months Ended June 30, 2001
Three Months Ended Six Months Ended -------------------------------- -------------------------------- June 30, June 30, -------------------------------- -------------------------------- 2001 2000 2001 2000 -------------------------------- -------------------------------- BASIC INCOME PER COMMON SHARE: Net income $ 1,385,145 $ 461,681 $ 413,724 $ 893,393 Weighted average common shares outstanding 4,312,922 4,274,526 4,310,170 4,303,706 -------------------------------- -------------------------------- Basic income per common share $0.32 $0.11 $0.10 $0.21 -------------------------------- -------------------------------- DILUTED INCOME PER COMMON SHARE: Net income $ 1,385,145 $ 461,681 $ 413,724 $ 893,393 Weighted average common shares outstanding 4,312,922 4,274,526 4,310,170 4,303,706 Dilutive effect of stock options 133,676 75,699 103,819 75,351 -------------------------------- -------------------------------- Diluted weighted average common shares outstanding 4,446,598 4,350,225 4,413,989 4,379,057 -------------------------------- -------------------------------- Diluted income per common share $0.31 $0.11 $0.09 $0.20 -------------------------------- --------------------------------