Exhibit 11. Computation of Earnings Per Common Share
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(Dollars in Thousands Except Per Share Data and Number of Shares)
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Weighted Average
Three-Month Periods Ended Number of Shares Net Earnings Per
June 30, Outstanding Income(Loss) Common Share
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2001 10,035,819 $ (215) $ (.02)
2000 10,056,499 949 0.09
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(Dollars in Thousands Except Per Share Data and Number of Shares)
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Weighted Average
Six-Month Periods Ended Number of Shares Net Earnings Per
June 30, Outstanding Income Common Share
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2001 10,035,819 $10,432 $ 1.04
2000 10,058,280 4,331 0.43
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Computation of weighted average number of common
and common equivalent shares:
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Three-Month Periods Ended June 30, 2001 2000
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Common shares outstanding beginning of the period 10,035,819 10,057,999
Weighted average of the common
shares purchased and retired or reissued - (1,500)
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Weighted average number of common shares 10,035,819 10,056,499
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Six-Month Periods Ended June 30, 2001 2000
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Common shares outstanding beginning of the period 10,035,819 10,060,084
Weighted average of the common
shares purchased and retired or reissued - (1,804)
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Weighted average number of common shares 10,035,819 10,058,280
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