Exhibit 11.0
SLADE'S FERRY BANCORP AND SUBSIDIARY
COMPUTATION OF PER SHARE EARNINGS
(Unaudited)
Three months ended
March 31,
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2003 2002
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<s> <c>
Net Income $ (692,180) $ 781,922
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Average shares outstanding 3,948,584 3,879,855
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Basic earnings per share $ (0.18) $ 0.20
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Net Income $ (692,180) $ 781,922
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Average shares outstanding 3,948,584 3,879,855
Net effect of dilutive stock options 26,213 33,714
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Adjusted shares outstanding 3,974,797 3,913,569
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Diluted earnings per share $ (0.17) $ 0.20
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