Exhibit 11
WSB FINANCIAL GROUP, INC.
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share — Basic
| | | | | | | | | | | | | | | | | | | | |
| | 2008 | | | 2007 | | | 2006 | | | 2005 | | | 2004 | |
| | | | | | | | | | | | | | | | | | | | |
Income (Loss) From Continuing Operations | | | ($32,652 | ) | | | ($5,200 | ) | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | |
Income (Loss) From Discontinued Operations, Net of Tax | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | |
Earnings (Loss) Before Cumulative Effect of a Change in Accounting Principal | | | ($32,652 | ) | | | ($5,200 | ) | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | |
Cumulative Effect of a Change in Accounting Principle, Net of Tax | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | |
Net Earnings (Loss) | | | ($32,652 | ) | | | ($5,200 | ) | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | |
| | | | | | | | | | | | | | | |
Weighted Average Number of Shares Outstanding — Basic | | | 5,574,853 | | | | 5,565,123 | | | | 2,870,022 | | | | 2,642,628 | | | | 2,270,211 | |
Earnings (Loss) Per Share — Basic: | | | | | | | | | | | | | | | | | | | | |
Continuing operations | | | ($5.86 | ) | | | ($0.93 | ) | | $ | 1.35 | | | $ | 0.91 | | | $ | 0.59 | |
Discontinued operations | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | |
Earnings (Loss) per share before cumulative effect of a change in accounting principle | | | ($5.86 | ) | | | ($0.93 | ) | | $ | 1.35 | | | $ | 0.91 | | | $ | 0.59 | |
Cumulative effect of a change in accounting principle | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | |
Earnings (Loss) Per Share — Basic | | | ($5.86 | ) | | | ($0.93 | ) | | $ | 1.35 | | | $ | 0.91 | | | $ | 0.59 | |
| | | | | | | | | | | | | | | |
11-1
WSB FINANCIAL GROUP, INC.
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share — Diluted
| | | | | | | | | | | | | | | | | | | | |
| | 2008 | | | 2007 | | | 2006 | | | 2005 | | | 2004 | |
| | | | | | | | | | | | | | | | | | | | |
Income (Loss) From Continuing Operations | | | ($32,652 | ) | | | ($5,200 | ) | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | |
Income (Loss) From Discontinued Operations, Net of Tax | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | |
Earnings (Loss) Before Cumulative Effect of a Change in Accounting Principal | | | ($32,652 | ) | | | ($5,200 | ) | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | |
Cumulative Effect of a Change in Accounting Principle, Net of Tax | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | |
Net Earnings (Loss) | | | ($32,652 | ) | | | ($5,200 | ) | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | |
| | | | | | | | | | | | | | | |
Weighted Average Number of Shares Outstanding | | | 5,574,853 | | | | 5,565,123 | | | | 2,870,022 | | | | 2,642,628 | | | | 2,270,211 | |
Net Shares Assumed to be Issued for Stock Options | | | 0 | | | | 0 | | | | 415,600 | | | | 282,464 | | | | 159,366 | |
| | | | | | | | | | | | | | | |
Weighted Average Number of Shares Outstanding — Diluted | | | 5,574,853 | | | | 5,565,123 | | | | 3,285,622 | | | | 2,925,092 | | | | 2,429,577 | |
Earnings (Loss) Per Share — Diluted: | | | | | | | | | | | | | | | | | | | | |
Continuing operations | | | ($5.86 | ) | | | ($0.93 | ) | | $ | 1.18 | | | $ | 0.82 | | | $ | 0.55 | |
Discontinued operations | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | |
Earnings (loss) per share before cumulative effect of a change in accounting principle | | | ($5.86 | ) | | | ($0.93 | ) | | $ | 1.18 | | | $ | 0.82 | | | $ | 0.55 | |
Cumulative effect of a change in accounting principle | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | |
Earnings (Loss) Per Share — Diluted | | | ($5.86 | ) | | | ($0.93 | ) | | $ | 1.18 | | | $ | 0.82 | | | $ | 0.55 | |
| | | | | | | | | | | | | | | |
Earnings (Loss) Per Share — Basic | | | ($5.86 | ) | | | ($0.93 | ) | | $ | 1.35 | | | $ | 0.91 | | | $ | 0.59 | |
| | | | | | | | | | | | | | | |
Dilutive Effect Per Share | | $ | 0.00 | | | $ | 0.00 | | | | ($0.17 | ) | | | ($0.09 | ) | | | ($0.04 | ) |
| | | | | | | | | | | | | | | |
11-2