Carver Bancorp (CARV) 10-Q 2009 Q3 Quarterly report

EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(In thousands, except share data)
(Unaudited)
	Three Months Ended					Nine Months Ended
	December 31,					December 31,
	2008			2007		2008			2007
Earnings (loss) per common share - basic
Net income (loss)	$	(6,499	)	$	1,577	$	(5,192	)	$	3,484
Weighted average common shares outstanding		2,470,082			2,489,101		2,472,305			2,494,801
Earnings  (loss) per common share	$	(2.63	)	$	0.63	$	(2.10	)	$	1.40
Earnings (loss) per common share – diluted
Net income (loss)	$	(6,499	)	$	1,577	$	(5,192	)	$	3,484
Weighted average common shares outstanding – basic		2,470,082			2,489,101		2,472,305			2,494,801
Effect of dilutive securities - stock options and unvested restricted stock		-			60,823		-			70,125
Weighted average shares outstanding – diluted		2,470,082			2,549,924		2,472,305			2,564,926
Earnings (loss) per common share	$	(2.63	)	$	0.62	$	(2.10	)	$	1.36