Exhibit 11.1
PEOPLES OHIO FINANCIAL CORPORATION
EARNINGS PER SHARE
(UNAUDITED)
Earnings per share were computed as follows:
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Nine Months Ended
March 31, 2003
Income Weighted Average Shares Per Share Amount
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Basic earnings per share-Income available
to common shareholders $ 1,996,452 7,553,225 $ 0.26
------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Effect of dilutive securities-stock options 198,391
-------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Diluted earnings per share- Income
available to common shareholders and
assumed conversion $ 1,996,452 7,751,616 $ 0.26
--------- ------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Nine Months Ended
March 31, 2002
Income Weighted Average Shares Per Share Amount
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Basic earnings per share-Income available
to common shareholders $ 2,018,381 7,439,650 $ 0.27
------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Effect of dilutive securities-stock options 275,456
-------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Diluted earnings per share- Income
available to common shareholders and
assumed conversion $ 2,018,381 7,715,106 $ 0.26
--------- ------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Three Months Ended
March 31, 2003
Income Weighted Average Shares Per Share Amount
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Basic earnings per share-Income available
to common shareholders $ 646,988 7,572,190 $ 0.09
------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Effect of dilutive securities-stock options 206,587
-------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Diluted earnings per share- Income
available to common shareholders and
assumed conversion $ 646,988 7,778,777 $ 0.08
--------- ------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Three Months Ended
March 31, 2002
Income Weighted Average Shares Per Share Amount
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Basic earnings per share-Income available
to common shareholders $ 660,014 7,439,650 $ 0.10
------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Effect of dilutive securities-stock options 259,107
-------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
Diluted earnings per share- Income
available to common shareholders and
assumed conversion $ 660,014 7,698,757 $ 0.09
--------- ------
- --------------------------------------------- ------------- ---------------------------- ----------------------------
19