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ENTERBANK HOLDINGS, INC. AND SUBSIDIARIES
Exhibit 11
Three and six months ended June 30, 1997 and 1996
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Fully diluted
EPS number EPS number Fully diluted
of shares of shares Net income EPS EPS
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Three months ended June 30, 1997 2,236,146 2,241,536 $ 539,816 0.24 0.24
Three months ended June 30, 1996 1,685,240 1,692,235 427,268 0.25 0.25
Six months ended June 30, 1997 2,123,867 2,129,257 1,003,448 0.47 0.47
Six months ended June 30, 1996 1,679,992 1,692,235 837,006 0.50 0.49
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ENTERBANK HOLDINGS, INC. AND SUBSIDIARIES
Exhibit 11, Continued
Three and six months ended June 30, 1997 and 1996
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Three months ended June 30, Six months ended June 30,
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1997 1996 1997 1996
-------------------- -------------------- ------------------ -------------------
Fully Fully Fully Fully
Average diluted Average diluted Average diluted Average diluted
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Average shares outstanding 2,113,972 2,113,972 1,463,400 1,463,400 2,001,693 2,001,693 1,463,400 1,463,400
Warrants - - 199,000 199,000 - - 199,000 199,000
Options - 1 vested 122,000 122,000 122,000 122,000 122,000 122,000 122,000 122,000
Options - 2 vested 71,200 71,200 53,400 53,400 71,200 71,200 53,400 53,400
Options - 2 vested 1,200 1,200 800 800 1,200 1,200 800 800
Gross shares 2,308,372 2,308,372 1,838,600 1,838,600 2,196,093 2,196,093 1,838,600 1,838,600
Shares repurchased 72,226 66,836 153,360 146,365 72,226 66,836 158,608 146,365
Shares for EPS calculation 2,236,146 2,241,536 1,685,240 1,692,235 2,123,867 2,129,257 1,679,992 1,692,235
Warrants $ 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50
Options - 1 vested 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Options - 2 vested 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00
Options - 2 vested 9.25 9.25 9.25 9.25 9.25 9.25 9.25 9.25
Warrants - - 1,094,500 1,094,500 - - 1,094,500 1,094,500
Options - 1 vested 610,000 610,000 610,000 610,000 610,000 610,000 610,000 610,000
Options - 2 vested 498,400 498,400 373,800 373,800 498,400 498,400 373,800 373,800
Options - 2 vested 11,100 11,100 7,400 7,400 11,100 11,100 7,400 7,400
Dollars for repurchase 1,119,500 1,119,500 2,085,700 2,085,700 1,119,500 1,119,500 2,085,700 2,085,700
Price 15.50 16.75 13.60 14.25 15.50 16.75 13.15 14.25
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