PART 1: EXHIBIT 11.01
JSB FINANCIAL, INC. AND SUBSIDIARY
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(Unaudited, In Thousands, except per share amounts)
Year Ended Three Months Ended
December 31, December 31,
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1997 1996 1997 1996
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Basic earnings per share:
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Basic weighted average common shares* 9,858 10,062 9,912 9,776
Net Income $37,090 $26,725 $14,979 $7,287
Basic earnings per common share* $3.76 $2.66 $ 1.51 $ .75
Diluted earnings per share:
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Weighted average common and dilutive potential shares* 10,190 10,436 10,243 10,139
Net Income $37,090 $26,725 $14,979 $7,287
Diluted earnings per common share* $3.64 $2.56 $1.46 $ .72
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* Earnings per share for 1996 have been restated, as required, for the adoption
of Financial Accounting Standards Board Statement No. 128.
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