MISSISSIPPI VIEW HOLDING COMPANY
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
For the Three Months For the Six Months
Ended March 31, Ended March 31,
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1997 1996 1997 1996
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Net Income ............................................................... $ 173,862 $173,570 $347,127 $431,178
Weighted Average Shares Outstanding....................................... 773,226 888,374 783,718 891,477
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Common stock equivalents due to dilutive effect of stock options.......... 25,122 3,680 15,319 2,083
Total weighted average common shares and equivalents outstanding ......... 798,348 892,054 799,037 893,560
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Primary Earnings Per Share ............................................... $ 0.22 $ 0.19 $ 0.43 $ 0.48
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Weighted Average Shares Outstanding ...................................... 773,226 888,374 783,718 891,477
Additional dilutive shares using end of period
market value versus average market value for
period when utilizing the treasury stock method
regarding stock options ................................................ 38,563 -- 38,563 --
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Total weighted average common shares and equivalents
outstanding for fully diluted coputation ............................... 811,789 888,374 822,281 891,477
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Fully diluted earnings per share ......................................... $ 0.21 $ 0.19 $ 0.42 $ 0.48
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Earnings per share of common stock for the three and six month periods ended
March 31, 1996 and 1997, have been determined by dividing net income for the
period by the weighted average number of shares of common stock outstanding, net
of unearned ESOP shares.