Exhibit 11
WSB FINANCIAL GROUP, INC.
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share – Basic
| | | | | | | | | | | | | | | | | | | | | |
| | | 2006 | | | 2005 | | | 2004 | | | 2003 | | | 2002 | |
| Income From Continuing Operations | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | | | $ | 631 | | | $ | 286 | |
| Income (Loss) From Discontinued Operations, Net of Tax | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | | |
| Earnings Before Cumulative Effect of a Change in Accounting Principal | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | | | $ | 631 | | | $ | 286 | |
| Cumulative Effect of a Change in Accounting Principle, Net of Tax | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | | |
| Net Earnings (Loss) | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | | | $ | 631 | | | $ | 286 | |
| | | | | | | | | | | | | | | | |
| Weighted Average Number of Shares Outstanding – Basic | | | 2,870,022 | | | | 2,642,628 | | | | 2,270,211 | | | | 1,734,434 | | | | 1,489,006 | |
| Earnings (Loss) Per Share – Basic: | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| Continuing operations | | $ | 1.35 | | | $ | 0.91 | | | $ | 0.59 | | | $ | 0.36 | | | $ | 0.19 | |
| Discontinued operations | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | | |
| Earnings per share before cumulative effect of a change in accounting principle | | $ | 1.35 | | | $ | 0.91 | | | $ | 0.59 | | | $ | 0.36 | | | $ | 0.19 | |
| Cumulative effect of a change in accounting principle | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | | |
| Earnings (Loss) Per Share – Basic | | $ | 1.35 | | | $ | 0.91 | | | $ | 0.59 | | | $ | 0.36 | | | $ | 0.19 | |
| | | | | | | | | | | | | | | | |
WSB FINANCIAL GROUP, INC.
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share – Diluted
| | | | | | | | | | | | | | | | | | | | | |
| | | 2006 | | | 2005 | | | 2004 | | | 2003 | | | 2002 | |
| Income From Continuing Operations | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | | | $ | 631 | | | $ | 286 | |
| Income (Loss) From Discontinued Operations, Net of Tax | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | | |
| Earnings Before Cumulative Effect of a Change in Accounting Principal | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | | | $ | 631 | | | $ | 286 | |
| Cumulative Effect of a Change in Accounting Principle, Net of Tax | | | 0 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
| | | | | | | | | | | | | | | | |
| Net Earnings (Loss) | | $ | 3,885 | | | $ | 2,412 | | | $ | 1,340 | | | $ | 631 | | | $ | 286 | |
| | | | | | | | | | | | | | | | |
| Weighted Average Number of Shares Outstanding | | | 2,870,022 | | | | 2,642,628 | | | | 2,270,211 | | | | 1,734,434 | | | | 1,489,006 | |
| Net Shares Assumed to be Issued for Stock Options | | | 415,600 | | | | 282,464 | | | | 159,366 | | | | 67,233 | | | | 37,717 | |
| | | | | | | | | | | | | | | | |
| Weighted Average Number of Shares Outstanding – Diluted | | | 3,285,622 | | | | 2,925,092 | | | | 2,429,577 | | | | 1,801,667 | | | | 1,526,723 | |
| Earnings (Loss) Per Share – Diluted: | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| Continuing operations | | $ | 1.18 | | | $ | 0.82 | | | $ | 0.55 | | | $ | 0.35 | | | $ | 0.19 | |
| Discontinued operations | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | | |
| Earnings per share before cumulative effect of a change in accounting principle | | $ | 1.18 | | | $ | 0.82 | | | $ | 0.55 | | | $ | 0.35 | | | $ | 0.19 | |
| Cumulative effect of a change in accounting principle | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | | |
| Earnings (Loss) Per Share – Diluted | | $ | 1.18 | | | $ | 0.82 | | | $ | 0.55 | | | $ | 0.35 | | | $ | 0.19 | |
| | | | | | | | | | | | | | | | |
| Earnings (Loss) Per Share – Basic | | $ | 1.35 | | | $ | 0.91 | | | $ | 0.59 | | | $ | 0.36 | | | $ | 0.19 | |
| | | | | | | | | | | | | | | | |
| Dilutive Effect Per Share | | | -$0.17 | | | | -$0.09 | | | | -$0.04 | | | | -$0.01 | | | $ | 0.00 | |
| | | | | | | | | | | | | | | | |
