Exhibit 11
WEST ESSEX BANCORP, INC.
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended Nine Months Ended
September 30, September 30,
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2001 2000 2001 2000
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Net income $ 811,407 $ 823,010 $2,321,733 $2,523,747
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Weighted average number of common shares outstanding 4,753,439 4,803,823 4,771,277 4,817,013
Common stock equivalents due to dilutive effect
of stock options and other dilutive securities 127,464 20,316 91,332 6,772
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Total weighted average number of common shares
and common share equivalents outstanding 4,880,903 4,824,139 4,862,609 4,823,785
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Basic earnings per common share $ 0.17 $ 0.17 $ 0.49 $ 0.52
Diluted earnings per common share $ 0.17 $ 0.17 $ 0.48 $ 0.52