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EXHIBIT 11
ALABAMA NATIONAL BANCORPORATION
COMPUTATION OF EARNINGS PER SHARE (UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Nine Months Ended September 30, 1997
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Primary Fully Diluted
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Net income .............................................. $8,193 $8,193
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Average shares outstanding .............................. 6,531 6,531
Effect of stock options ................................. 188 202
Effect of Performance Share and
Deferred Compensation Plans ........................... 17 20
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Applicable shares outstanding ........................... 6,736 6,753
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Earnings per share ...................................... $ 1.22 $.1.21
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Three Months Ended September 30, 1997
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Primary Fully Diluted
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Net income .............................................. $2,844 $2,844
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Average shares outstanding .............................. 6,552 6,552
Effect of stock options ................................. 200 202
Effect of Performance Share and
Deferred Compensation Plans ........................... 22 22
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Applicable shares outstanding ........................... 6,774 6,776
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Earnings per share ...................................... $ 0.42 $ 0.42
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