Exhibit 11
WVS Financial Corp.
Statement Re Computation of Per Share Earnings
Three Months Ended Twelve Months Ended
June 30, June 30,
1997 1996 1997 1996
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Weighted average common shares
outstanding ..................... 1,743,286 1,736,505 1,738,563 1,736,426
Average unearned ESOP shares ...... (47,697) (59,809) (53,665) (62,745)
Common stock equivalents
(stock options) ................. 66,100 62,562 67,318 58,667
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Weighted average common shares
and common stock equivalents
used to calculate primary
earnings per share .............. 1,761,689 1,739,258 1,752,216 1,732,348
Additional common stock equivalents
(stock options) used to calculate
fully diluted earnings per share 1,776 69 2,226 2,119
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Weighted average common shares and
common stock equivalents
used to calculate
fully diluted earnings
per share ....................... 1,763,465 1,739,327 1,754,442 1,734,467
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Net income ........................ $ 882,559 $ 775,674 $ 2,958,878 $ 3,576,646
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Earnings per share:
Primary ......................... $ 0.50 $ 0.45 $ 1.69 $ 2.06
Fully diluted ................... $ 0.50 $ 0.45 $ 1.69 $ 2.06
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