Exhibit 11.0
Statement regarding Computation of Per Share Earnings
Exhibit 11.0
SECURITY OF PENNSYLVANIA FINANCIAL CORP.
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED MARCH 31, 2000
Three Months Ended
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March 31, 2000 March 31, 1999
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Net Income .................................. $ 204,560 $ 246,969
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Total shares outstanding .................... 1,587,000 1,587,000
Less:
Weighted treasury shares .................... (230,115) --
Unallocated shares held by ESOP at
beginning of period ......................... (119,383) (126,960)
Weighted shares acquired for stock benefit
plans ....................................... (26,211) --
Plus: Weighted average ESOP shares released
or committed to be released during the fiscal
year ........................................ 19 915
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Basic weighted average total shares
outstanding .............................. 1,211,310 1,460,955
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Basic earnings per share .................... $ 0.17 $ 0.17
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Basic weighted average total shares
outstanding ................................. 1,211,310 1,460,955
Plus dilutive effect of stock awards ........ 89,691 --
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Dilutive shares outstanding ................. 1,301,001 1,460,955
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Dilutive earnings per shares ................ $ 0.16 $ 0.17
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Exhibit 11.0
SECURITY OF PENNSYLVANIA FINANCIAL CORP.
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
NINE MONTHS ENDED MARCH 31, 2000
Nine Months Ended
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March 31, 2000 March 31, 1999
-------------- --------------
Net Income (Loss) ........................... $ 696,100 $ (30,976)
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Total shares outstanding .................... 1,587,000 --
Less:
Weighted treasury shares .................... (113,110) --
Unallocated shares held by ESOP at beginning
of period ................................... (122,735) --
Weighted shares acquired for stock benefit
plan ........................................ (8,674) --
Plus: Weighted average ESOP shares released
or committed to be released during the fiscal
year ........................................ 1,671 --
-----------
Basic weighted average total shares
outstanding .............................. 1,344,152 --
-----------
Basic earnings per share .................... $ 0.52 N/A
===========
Basic weighted average total shares
outstanding ................................. 1,344,152 --
Plus dilutive effect of stock awards ........ 72,154 --
-----------
Dilutive shares outstanding ................. 1,416,306 --
-----------
Diluted earnings per share .................. $ 0.49 N/A
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