Exhibit 11
MAHASKA INVESTMENT COMPANY
AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three Months Ended
March 31,
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2002 2001
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Earnings per Share Information:
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Weighted average number of shares
outstanding during the year .................................. 3,871,038 3,953,471
Weighted average number of shares
outstanding during the year
including all dilutive potential shares ...................... 3,937,121 3,980,934
Net earnings .................................................... $1,417,323 $ 992,137
Earnings per share - basic ...................................... $ 0.37 $ 0.25
Earnings per share - diluted .................................... $ 0.36 $ 0.25