Exhibit 11. Computation of Earnings Per Common Share
- ------------------------------------------------------------------------------------------
(Dollars in Thousands Except Per Share Data and
Number of Shares)
- ------------------------------------------------------------------------------------------
Weighted Average
Three Month Periods Ended Number of Shares Net Earnings Per
March 31, Outstanding Income Common Share
- ------------------------------------------------------------------------------------------
2000 10,060,061 $3,382 $0.34
1999 10,091,721 2,964 0.29
- ------------------------------------------------------------------------------------------
Computation of weighted average number of common
and common equivalent shares:
- ------------------------------------------------------------------------------------------
Three Month Periods Ended March 31, 2000 1999
- ------------------------------------------------------------------------------------------
Common shares outstanding beginning of the period 10,060,084 10,091,721
Weighted average of the common
Shares purchased and retired or reissued (23) -
- ------------------------------------------------------------------------------------------
Weighted average number of common shares 10,060,061 10,091,721
==========================================================================================
13