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
September 30, Outstanding Income Common Share
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1999 10,078,294 $ 6,398 $ .63
1998 10,088,460 (1,963) (.19)
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(Dollars in Thousands Except Per Share Data and Number of Shares)
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Weighted Average
Nine-Month Periods Ended Number of Shares Net Earnings Per
September 30, Outstanding Income Common Share
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1999 10,083,729 $ 9,903 $ .98
1998 10,495,773 19,529 1.86
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Computation of weighted average number of common
and common equivalent shares:
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Three-Month Periods Ended September 30, 1999 1998
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Common shares outstanding beginning of the period 10,078,539 10,066,721
Weighted average of the common
Shares purchased and retired or reissued (245) 21,739
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Weighted average number of common shares 10,078,294 10,088,460
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Nine-Month Periods Ended September 30, 1999 1998
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Common shares outstanding beginning of the period 10,091,721 10,727,322
Weighted average of the common
Shares purchased and retired or reissued (7,992) (231,549)
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Weighted average number of common shares 10,083,729 10,495,773
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