EXHIBIT 11
CSB BANCORP, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
Basic Earnings Per Share | ||||||||||||||||
Net income | $ | 858,323 | $ | 890,564 | $ | 2,460,316 | $ | 2,770,086 | ||||||||
Weighted average common shares | 2,734,799 | 2,422,014 | 2,734,799 | 2,433,094 | ||||||||||||
Basic Earnings Per Share | $ | 0.31 | $ | 0.37 | $ | 0.90 | $ | 1.14 | ||||||||
Diluted Earnings Per Share | ||||||||||||||||
Net income | $ | 858,323 | $ | 890,564 | $ | 2,460,316 | $ | 2,770,086 | ||||||||
Weighted average common shares | 2,734,799 | 2,422,014 | 2,734,799 | 2,433,094 | ||||||||||||
Weighted average effect of assumed stock options | 0 | 0 | 0 | 0 | ||||||||||||
Total | 2,734,799 | 2,422,014 | 2,734,799 | 2,433,094 | ||||||||||||
Diluted Earnings Per Share | $ | 0.31 | $ | 0.37 | $ | 0.90 | $ | 1.14 | ||||||||
Options to purchase 40,695 shares of common stock at a price above current market were outstanding at September 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 nine months ended September 30, 2008.