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ENTERBANK HOLDINGS, INC. AND SUBSIDIARIES
Exhibit 11
Three and nine months ended September 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 September 30, 1997 2,254,021 2,254,021 604,991 0.27 0.27
Three months ended September 30, 1996 1,728,691 1,739,325 $ 429,334 0.25 0.25
Nine months ended September 30, 1997 2,176,712 2,176,712 1,608,439 0.74 0.74
Nine months ended September 30, 1996 1,702,870 1,716,018 1,266,340 0.74 0.74
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ENTERBANK HOLDINGS, INC. AND SUBSIDIARIES
Exhibit 11, Continued
Three and nine months ended September 30, 1997 and 1996
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Three months ended September 30,
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1997 1996
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Fully Fully
Average diluted Average diluted
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Average shares outstanding 2,127,385 2,127,385 1,562,880 1,562,880
Warrants -- -- 99,500 99,500
Options - 1 vested 128,587 128,587 122,000 122,000
Options - 2 vested 71,200 71,200 53,400 53,400
Options - 2 vested 1,200 1,200 800 800
Gross shares 2,328,372 2,328,372 1,838,580 1,838,580
Shares purchased 74,351 74,351 109,889 99,255
Shares for EPS calculation 2,254,021 2,254,021 1,728,691 1,739,325
Warrants $ 5.50 5.50 5.50 5.50
Options - 1 vested 5.00 5.00 5.00 5.00
Options - 2 vested 7.00 7.00 7.00 7.00
Options - 2 vested 9.25 9.25 9.25 9.25
Warrants -- -- 547,250 547,250
Options - 1 vested 642,935 642,935 610,000 610,000
Options - 2 vested 498,400 498,400 373,800 373,800
Options - 2 vested 11,100 11,100 7,400 7,400
Dollars for repurchase 1,152,435 1,152,435 1,538,450 1,538,450
Price 15.50 15.50 14.00 15.50
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Nine months ended September 30,
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1997 1996
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Fully Fully
Average diluted Average diluted
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Average shares outstanding 2,044,051 2,044,051 1,496,933 1,496,933
Warrants -- -- 165,591 165,591
Options - 1 vested 137,480 137,480 122,000 122,000
Options - 2 vested 71,200 71,200 53,400 53,400
Options - 2 vested 1,200 1,200 800 800
Gross shares 2,253,931 2,253,931 1,838,724 1,838,724
Shares purchased 77,219 77,219 135,854 122,706
Shares for EPS calculation 2,176,712 2,176,712 1,702,870 1,716,018
Warrants 5.50 5.50 5.50 5.50
Options - 1 vested 5.00 5.00 5.00 5.00
Options - 2 vested 7.00 7.00 7.00 7.00
Options - 2 vested 9.25 9.25 9.25 9.25
Warrants -- -- 910,751 910,751
Options - 1 vested 687,400 687,400 610,000 610,000
Options - 2 vested 498,400 498,400 373,800 373,800
Options - 2 vested 11,100 11,100 7,400 7,400
Dollars for repurchase 1,196,900 1,196,900 1,901,951 1,901,951
Price 15.50 15.50 14.00 15.50
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