Exhibit 11 - Computation of Earnings per Share
MID-CENTRAL FINANCIAL CORPORATION AND SUBSIDIARY
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Three Months Three Months
Ended December 31, Ended December 31,
1996 1995
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Computation of Earnings per Share
for Statements of Income:
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Income applicable to common stock .................... $ 99,632 $ 83,292
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Weighted average number of Common and common
equivalent shares outstanding:
Weighted average common
shares outstanding ............................... 233,319 247,387
Dilutive effect of stock
options after application of
treasury stock method ............................ 7,091 4,155
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Total ................................................ 240,410 251,542
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Net Income per common share .......................... $ 0.41 $ 0.33
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Computation of Fully Diluted
Earnings per Share
- ---------------------------------
Income applicable to common stock .................... $ 99,632 $ 83,292
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Weighted average number of common and common
equivalent shares outstanding:
Weighted average common
shares outstanding .............................. 233,319 247,387
Dilutive effect of stock
options after application of
treasury stock method ........................... 7,527 4,155
-------- --------
Total ................................................ 240,846 251,542
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Net Income per common share .......................... $ 0.41 $ 0.33
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