EX-11 3 ex11.txt COMPUTAITON OF EARNINGS PER SHARE 1 EXHIBIT 11 COMMUNITY FINANCIAL GROUP, INC. AND SUBSIDIARIES STATEMENT REGARDING: COMPUTATION OF EARNINGS PER SHARE
Three Months Ended Six Months Ended June 30, June 30, --------------------- ---------------------- 2000 1999 2000 1999 --------- --------- --------- ---------- Basic Income Per Common Share (1) Net income (in thousands) $ 851 $ 810 $ 1,683 $ 1,615 ========= ========= ========= ========== Net income per share $ .23 $ .20 $ .45 $ .39 ========= ========= ========= ========== Weighted average common shares outstanding 3,632,421 4,126,769 3,753,737 4,172,282 ========= ========= ========= ========== Diluted Income Per Common Share (2) Net income (in thousands) $ 851 810 $ 1,683 $ 1,615 ========= ========= ========= ========== Net income per share $ .23 $ .19 $ .44 $ .38 ========= ========= ========= ========== Weighted average common shares outstanding 3,649,111 4,178,208 3,784,693 4,214,723 ========= ========= ========= ==========
(1) Basic net income per share has been computed using the weighted average number of common shares outstanding during each period presented. (2) Diluted net income per share has been computed using the weighted average number of common shares outstanding and the dilutive effect of stock options outstanding during the periods presented.