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Statement 11 Re: Computation of Earnings Per Share
Second Bancorp Incorporated and Subsidiary
For the Three Months Ended For the Six Months Ended
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June 30 June 30 June 30 June 30
2000 1999 2000 1999
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(Dollars in thousands, except per share data)
BASIC:
Weighted average shares issued 10,777,628 10,747,733 10,771,478 10,743,316
Less: Treasury shares (458,800) (50,400) (409,054) (50,400)
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Net Weighted average shares outstanding 10,318,828 10,697,333 10,362,424 10,692,916
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Net income $3,713 $4,338 $7,649 $8,453
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Basic Earnings Per Share $0.36 $0.41 $0.74 $0.79
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DILUTED:
Weighted average shares issued 10,777,628 10,747,733 10,771,478 10,743,316
Less: Treasury shares (458,800) (50,400) (409,054) (50,400)
Net effect of dilutive stock options -
based on the treasury stock method
using average market price 21,254 58,608 33,770 54,754
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10,340,082 10,755,941 10,396,194 10,747,670
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Net income $3,713 $4,338 $7,649 $8,453
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Diluted Earnings Per Share $0.36 $0.40 $0.74 $0.79
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