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Filing tables
Filing exhibits
- 10-K Annual report
- 10.3 First Amendment Ot Employment Agreement-hedges
- 10.4 Employment Agreement-taylor
- 10.5 Employment Agreement-allenbaugh
- 10.6 Employment Agreement-wright
- 10.7 Employment Agreement-downs
- 10.8 Employment Agreement-gilliland
- 10.9 Employment Agreement-swift
- 11.1 Computation of Eps
- 21.1 Subsidiaries of Company
- 23.1 Consent of BKD LLP
- 23.2 Consent of KPMG LLP (Prior Year)
- 31.1 Certification of Ceo-sec 302
- 31.2 Certification of Cfo-sec 302
- 32.1 Certification of Ceo-sec 1350
- 32.2 Certification of Cfo-sec 1350
Related press release
FMBH similar filings
Filing view
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Exhibit 11.1
Computation of Earnings Per Share
The Company follows Financial Accounting Standards Board’s Statement No. 128, “Earnings Per Share” (“SFAS 128") in which income for Basic Earnings per Share (“EPS”) is adjusted for dividends attributable to preferred stock and is based on the weighted average number of common shares outstanding. Diluted EPS is computed by using the weighted average number of common shares outstanding, increased by the assumed conversion of the convertible preferred stock and the assumed conversion of the stock options.
The components of basic and diluted earnings per common share for the years ended December 31, 2006, 2005, and 2004 are as follows:
2006 | 2005 | 2004 | ||||||||
Basic Earnings per Share: | ||||||||||
Net income available to common stockholders | $ | 10,009,000 | $ | 9,807,000 | $ | 9,751,000 | ||||
Weighted average common shares outstanding | 4,340,215 | 4,423,186 | 4,499,092 | |||||||
Basic earnings per common share | $ | 2.31 | $ | 2.22 | $ | 2.17 | ||||
Diluted Earnings per Share: | ||||||||||
Net income available to common stockholders | $ | 10,009,000 | $ | 9,807,000 | $ | 9,751,000 | ||||
Weighted average common shares outstanding | 4,340,215 | 4,423,186 | 4,499,092 | |||||||
Assumed conversion of stock options | 71,304 | 124,481 | 88,967 | |||||||
Diluted weighted average common shares outstanding | 4,411,519 | 4,547,667 | 4,588,059 | |||||||
Diluted earnings per common share | $ | 2.27 | $ | 2.16 | $ | 2.13 |