Colony Bankcorp (CBAN) 10-Q2010 Q3 Quarterly report

Filed: 12 Nov 10, 12:00am

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New words: agree, agreed, av, cha, characterized, downtu, earnin, erage, formal, formulate, forwarded, Global, gs, liabilit, lted, Memorandum, MOU, orary, outlined, properly, proposed, published, resu, rn, supervising, supervisory, unchanged, Understanding

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EXHIBIT 11.1

STATEMENT OF COMPUTATION OF EARNINGS PER SHARE

	Three Months Ended September 30, 2010					Three Months Ended September 30, 2009
	Shares		Earnings Per Share			Shares		Earnings Per Share
	Shares		Earnings Per Share			Shares		Earnings Per Share
	(in Thousands)					(in Thousands)

Basic Weighted Average Shares Outstanding		8,448	$	(0.16	)		7,217	$	0.00



Diluted
Average Shares Outstanding		8,448					7,217
Common Stock Equivalents		0					0

		8,448	$	(0.16	)		7,217	$	0.00

	Nine Months Ended September 30, 2010					Nine Months Ended September 30, 2009
	Shares		Earnings Per Share			Shares		Earnings Per Share
	(in Thousands)					(in Thousands)

Basic Weighted Average Shares Outstanding		8,049	$	(0.11	)		7,210	$	(0.83	)

Diluted
Average Shares Outstanding		8,049					7,210
Common Stock Equivalents		0					0

		8,049	$	(0.11	)		7,210	$	(0.83	)

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