MISSISSIPPI VIEW HOLDING COMPANY
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
For the Three Months For the Nine Months
Ended June 30, Ended June 30,
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1997 1996 1997 1996
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Net Income ............................. $ 207,981 $ 196,141 $ 555,108 $ 627,319
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Weighted Average Shares Outstanding .... 757,256 823,009 784,726 868,737
Common stock equivalents due to dilutive
effect of stock options .............. 31,981 756 21,445 1,639
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Total weighted average common shares and
equivalents outstanding .............. 789,237 823,765 806,171 870,376
========== ========== ========== ===========
Primary Earnings Per Share ............. $ 0.26 $ 0.24 $ 0.69 $ 0.72
========== ========== ========== ===========
Weighted Average Shares Outstanding .... 757,256 823,009 784,726 868,737
Additional dilutive shares using end of
period market value versus average
market value for period when
utilizing the treasury stock method
regarding stock options .............. 32,152 2,168 32,152 2,168
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Total weighted average common shares and
equivalents outstanding for fully
diluted computation .................. 789,408 825,177 816,878 870,905
========== ========== ========== ===========
Fully diluted earnings per share ....... $ 0.26 $ 0.24 $ 0.68 $ 0.72
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Earnings per share of common stock for the three and nine month periods
ended June 30, 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.
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