EXHIBIT 11.1 Alabama National BanCorporation Computation of Earnings Per Share (In thousands, except per share amounts) Per Share Income Shares Amount ------ ------ ------ Year ended December 31, 2000 Basic EPS net income............................. $ 24,392 11,057 $ 2.21 ============= Effect of dilutuve securities options............ 181 -------------- -------------- Diluted EPS...................................... $ 24,392 11,238 $ 2.17 ============== ============== ============= Year ended December 31, 1999 Basic EPS net income............................. $ 22,271 11,079 $ 2.01 ============= Effect of dilutuve securities options............ 194 -------------- -------------- Diluted EPS...................................... $ 22,271 11,273 $ 1.98 ============== ============== ============= Year ended December 31, 1998 Basic EPS net income............................. $ 17,372 10,804 $ 1.61 ============= Effect of dilutuve securities options............ 369 -------------- -------------- Diluted EPS...................................... $ 17,372 11,173 $ 1.55 ============== ============== =============