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,
1998 1997 1998 1997
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Basic earnings per share:
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Basic weighted average common shares 9,793 9,858 9,582 9,912
Net Income $44,388 $37,090 $10,161 $14,979
Basic earnings per common share $4.53 $3.76 $ 1.06 $ 1.51
Diluted earnings per share:
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Weighted average common and dilutive potential shares 10,074 10,190 9,820 10,243
Net Income $44,388 $37,090 $10,161 $14,979
Diluted earnings per common share $4.41 $3.64 $1.03 $ 1.46