EX-11 2 sla3-11.txt EXHIBIT 11.1 Exhibit 11.1 ------------ SLADE'S FERRY BANCORP. AND SUBSIDIARY COMPUTATION OF PER SHARE EARNINGS (Unaudited)
Nine Months Ended Three Months Ended September 30, September 30, (Dollars in thousands, except for per share data) 2005 2004 2005 2004 ------------------------------------------------------------------------------------------------------ Net income $ 2,848 $ 2,287 $ 900 $ 1,076 ========== ========== ========== ========== Average shares outstanding 4,104,304 4,038,499 4,112,631 4,058,086 ========== ========== ========== ========== Basic earnings per share $ 0.69 $ 0.57 $ 0.22 $ 0.27 ========== ========== ========== ========== Average shares outstanding 4,104,304 4,038,499 4,122,631 4,058,086 ========== ========== ========== ========== Net effect dilutive stock options 27,824 47,196 22,935 43,137 ========== ========== ========== ========== Adjusted shares outstanding 4,132,128 4,085,695 4,145,566 4,101,223 ========== ========== ========== ========== Diluted earnings per share $ 0.69 $ 0.56 $ 0.22 $ 0.26 ========== ========== ========== ==========