1
UNITED COMMUNITY FINANCIAL CORP.
EXHIBIT 11
COMPUTATIONS OF EARNINGS PER COMMON SHARE
Three Months Ended Six Months Ended
June 30, June 30,
------------------------------- --------------------------
2000 1999 2000 1999
------------- ------------ ---------- ----------
(In thousands, (In thousands,
except per share data) except per share data)
BASIC EARNINGS PER SHARE:
Net income applicable to common stock $ 2,970 $ 5,302 $ 6,072 $ 10,427
Weighted average common shares outstanding 32,904 33,898 32,914 33,878
------------- ------------ ---------- ----------
Basic earnings per share $ 0.09 $ 0.16 $ 0.18 $ 0.31
============= ============ ========== ==========
DILUTED EARNINGS PER SHARE:
Net income applicable to common stock $ 2,970 $ 5,302 $ 6,072 $ 10,427
Weighted average common shares outstanding 32,904 33,898 32,914 33,878
Dilutive effect of restricted stock 538 - 525 -
------------- ------------ ---------- ----------
Weighted average common shares outstanding
for dilutive computation 33,442 33,898 33,439 33,878
------------- ------------ ---------- ----------
Diluted earnings per share $ 0.09 $ 0.16 $ 0.18 $ 0.31
============= ============ ========== ==========