Exhibit 11 - Computation of Earnings per Share
MID-CENTRAL FINANCIAL CORPORATION AND SUBSIDIARY
COMPUTATION OF EARNINGS PER SHARE
Year Ended September 30,
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1996 1995
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Computation of Earnings per Share
for Statements of Income:
Income applicable to common stock $ 227,767.00 $ 325,577.00
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Weighted average number of Common
and common equivalent shares
outstanding:
Weighted average common
shares outstanding 243,805.00 257,038.00
Dilutive effect of stock
options after application of
treasury stock method 5,466.00 3,069.00
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Total 249,271.00 260,107.00
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Net Income per common shares $ 0.91 $ 1.25
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Computation of Fully Diluted
Earnings per Share
Income applicable to common stock $ 227,767.00 $ 325,577.00
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Weighted average number of common
and common equivalent shares
outstanding:
Weighted average common
shares outstanding 243,805.00 257,038.00
Dilutive effect of stock
options after application of
treasury stock method 5,827.00 3,760.00
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Total 249,631.00 260,798.00
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Net Income per common share $ 0.91 $ 1.25
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