PART 1: EXHIBIT 11.00
JSB FINANCIAL, INC. AND SUBSIDIARY
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(Unaudited, In Thousands, except per share amounts)
Three Months Ended
March 31,
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1997 1996
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Primary earnings per share:
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Shares used in computing earnings per share:
Weighted average number of shares outstanding 9,809 10,395
Assuming exercise of options reduced by the
number of shares which could have been
purchased at average stock price with
proceeds from exercise of such options 457 482
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Common stock and common stock equivalents 10,266 10,877
Earnings:
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Net income $ 6,448 $ 6,078
Earnings per common and common equivalent share $ .63 $ .56
Earnings per share -- assuming full dilution:
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Shares used in computing earnings per share:
Weighted average number of shares outstanding 9,809 10,395
Assuming exercise of options reduced by the
number of shares which could have been
purchased at period end stock price with
proceeds from exercise of such options 498 499
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Common stock and common stock equivalents 10,307 10,894
Earnings:
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Net income $ 6,448 $ 6,078
Earnings per common share assuming full dilution $ .63 $ .56