EXHIBIT 11
EAGLE FINANCIIAL SERVICES, INC. AND SUBSIDIARY
Computations of Weighted Average Shares Outstanding and Earnings Per Share
(Shares Outstanding End of Month)
1998 1997 1996
Shares Shares Shares
Outstanding Outstanding Outstanding
(As Restated)
------------- ------------- -------------
1,408,485 1,399,885 1,390,570
1,410,433 1,402,153 1,390,570
1,410,433 1,402,153 1,390,570
1,410,433 1,402,153 1,390,570
1,412,320 1,404,356 1,390,570
1,412,320 1,404,356 1,390,570
1,412,320 1,404,356 1,394,026
1,414,165 1,406,454 1,394,026
1,414,165 1,406,454 1,394,026
1,416,310 1,406,454 1,394,026
1,418,341 1,408,485 1,394,026
1,418,341 1,408,485 1,394,026
------------- ------------- -------------
16,958,066 16,855,744 16,707,576
12 12 12
- ------------ ------------- ------------- -------------
Weighted
Average
Shares
Outstanding 1,413,172 1,404,645 1,392,298
- ------------ ------------- ------------- -------------
Net Income 1,308,805 1,112,012 1,311,337
- ------------ ------------- ------------- -------------
Earnings Per
Share, Basic
and Assuming
Dilution 0.93 0.79 0.94
- ------------ ------------- ------------- -------------
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