Statement 11 Re: Computation of Earnings Per Share
Second Bancorp Incorporated and Subsidiary
| For the Three Months Ended | |||||||||
| March 31 | March 31 | ||||||||
| 2001 | 2000 | ||||||||
| (Dollars in thousands, except per share data) | |||||||||
| BASIC: | |||||||||
| Weighted average shares issued | 10,786,069 | 10,756,327 | |||||||
| Less: Treasury shares | (765,972 | ) | (359,307 | ) | |||||
| Net Weighted average shares outstanding | 10,020,097 | 10,406,020 | |||||||
| Net income before cumulative effect of accounting change | $ | 4,188 | $ | 3,936 | |||||
| Basic Earning Per Share before cumulative Effect of accounting change | $ | 0.42 | $ | 0.38 | |||||
| Net income | $ | 4,087 | $ | 3,936 | |||||
| Basic Earnings Per Share | $ | 0.41 | $ | 0.38 | |||||
| DILUTED: | |||||||||
| Weighted average shares issued | 10,786,069 | 10,765,327 | |||||||
| Less: Treasury shares | (765,972 | ) | (359,307 | ) | |||||
| Net effect of dilutive stock options - | |||||||||
| Based on the treasury stock method Using average market price | 26,465 | 30,870 | |||||||
| 10,046,562 | 10,436,890 | ||||||||
| Net income before cumulative effect of accounting change | $ | 4,188 | $ | 3,936 | |||||
| Diluted Earnings Per Share before cumulative effect of accounting change | $ | 0.42 | $ | 0.38 | |||||
| Net income | $ | 4,087 | $ | 3,936 | |||||
| Diluted Earnings Per Share | $ | 0.41 | $ | 0.38 | |||||
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