EXHIBIT 11. COMPUTATION OF EARNINGS PER COMMON SHARE
BASIC EARNINGS PER 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
March 31, Outstanding Income Common Share
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2002 10,036,475 $ 11,092 $ 1.11
2001 10,035,819 10,647 1.06
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Computation of weighted average number of common and common equivalent shares:
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Three-Month Periods Ended March 31, 2002 2001
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Common shares outstanding beginning of the period 10,035,819 10,035,819
Weighted average of the common
shares purchased and retired or reissued 656 -
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Weighted average number of common shares 10,036,475 10,035,819
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DILUTED EARNINGS PER 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 Common and Potential Net Earnings Per
March 31, Shares Outstanding Income Common Share
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2002 10,043,871 $ 11,092 $ 1.10
2001 10,036,275 10,647 1.06
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Computation of weighted average number of common and potentially dilutive
shares:
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Three-Month Periods Ended March 31, 2002 2001
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Weighted average number of common shares 10,036,475 10,035,819
Effect of stock options outstanding (dilutive
potential shares) 7,396 456
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Weighted average number of common and potential shares 10,043,871 10,036,275
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