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EXHIBIT 11
MOBILE AMERICA CORPORATION AND SUBSIDIARIES
UNAUDITED COMPUTATIONS OF EARNINGS PER SHARE
QUARTERS ENDED JUNE 30, 1997 AND 1996 AND SIX MONTHS ENDED JUNE 30, 1997 AND
1996
Quarters Ended June 30 Six Months Ended June 30
1997 1996 1997 1996
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Net Income $2,085,689 $2,037,347 $3,652,381 $3,470,737
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Weighted average
Common shares outstanding 6,271,888 6,296,379 6,271,888 6,296,379
Effect of weighting treasury stock acquired 0 0 0 0
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Common and common equivalent shares
used in computing earnings per share 6,271,888 6,296,379 6,271,888 6,296,379
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Earnings per share $ 0.33 $ 0.32 $ 0.58 $ 0.55
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