Exhibit 11. Computation of Earnings Per Common Share
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(Dollars in Thousands Except Per Share Data
and Number of Shares)
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Weighted Average
Three-Month Periods Ended Number of Shares Net Earnings Per
June 30, Outstanding Income Common Share
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2000 10,056,499 $ 949 $0.09
1999 10,081,320 541 0.05
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(Dollars in Thousands Except Per Share Data
and Number of Shares)
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Weighted Average
Six-Month Periods Ended Number of Shares Net Earnings Per
June 30, Outstanding Income Common Share
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2000 10,058,280 $4,331 $0.43
1999 10,086,492 3,505 0.35
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Computation of weighted average number of common
and common equivalent shares:
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Three-Month Periods Ended June 30, 2000 1999
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Common shares outstanding beginning of the period 10,057,999 10,091,721
Weighted average of the common
shares purchased and retired or reissued (1,500) (10,401)
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Weighted average number of common shares 10,056,499 10,081,320
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Six-Month Periods Ended June 30, 2000 1999
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Common shares outstanding beginning of the period 10,060,084 10,091,721
Weighted average of the common
shares purchased and retired or reissued (1,804) (5,229)
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Weighted average number of common shares 10,058,280 10,086,492
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