EXHIBIT 11
People's Savings Financial Corp.
COMPUTATION OF NET INCOME PER COMMON SHARE
(in thousands except per share amounts)
Year ended December 31,
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1995 1994 1993
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Net income - primary and fully diluted $3,389 $3,565 $4,752
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Weighted Average Common Stock and Common
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Equivalent Stock
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Weighted average common stock outstanding 1,954 1,996 2,022
Assumed conversion (as of the beginning of
each period or upon issuance during a period)
of stock options outstanding at the end of
each period 33 26 27
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Weighted average common stock outstanding
- primary 1,987 2,022 2,049
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Weighted average common stock outstanding 1,954 1,996 2,022
Assumed conversion (as of the beginning of
each period or upon issuance during a period)
of stock options outstanding at the end of
each period 33 25 28
------ ------ ------
Weighted average common stock outstanding
- fully diluted 1,987 2,021 2,050
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Earnings Per Common and Common Equivalent Share
- -----------------------------------------------
Primary $1.71 $1.76 $2.32
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Fully diluted $1.71 $1.76 $2.32
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