EXHIBIT 11
CSB BANCORP, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
Basic Earnings Per Share | ||||||||||||||||
Net income | $ | 706,051 | $ | 877,762 | $ | 1,601,994 | $ | 1,879,522 | ||||||||
Weighted average common shares | 2,734,799 | 2,432,793 | 2,734,799 | 2,438,695 | ||||||||||||
Basic Earnings Per Share | $ | 0.26 | $ | 0.36 | $ | 0.59 | $ | 0.77 | ||||||||
Diluted Earnings Per Share | ||||||||||||||||
Net income | $ | 706,051 | $ | 877,762 | $ | 1,601,994 | $ | 1,879,522 | ||||||||
Weighted average common shares | 2,734,799 | 2,432,793 | 2,734,799 | 2,438,695 | ||||||||||||
Weighted average effect of assumed stock options | 0 | 0 | 0 | 0 | ||||||||||||
Total | 2,734,799 | 2,432,793 | 2,734,799 | 2,438,695 | ||||||||||||
Diluted Earnings Per Share | $ | 0.26 | $ | 0.36 | $ | 0.59 | $ | 0.77 | ||||||||
Options to purchases 40,720 shares of common stock at a price above current market were outstanding at June 30, 2009, but were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive. There were no anti-dilutive effects for the six months ended June 30, 2008.