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
September 30, Outstanding Income Common Share
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2001 10,035,819 $ 1,503 $ 0.15
2000 10,036,853 7,094 0.71
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(Dollars in Thousands Except Per Share Data and Number of Shares)
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Weighted Average
Nine-month Periods Ended Number of Shares Net Earnings Per
September 30, Outstanding Income Common Share
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2001 10,035,819 $ 11,935 $ 1.19
2000 10,051,086 11,425 1.14
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Computation of weighted average number of common and common equivalent shares:
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Three-Month Periods Ended September 30, 2001 2000
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Common shares outstanding beginning of the period 10,035,819 10,056,499
Weighted average of the common
shares purchased and retired or reissued - (19,646)
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Weighted average number of common shares 10,035,819 10,036,853
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Nine-month Periods Ended September 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 - (8,998)
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Weighted average number of common shares 10,035,819 10,051,086
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