Exhibit 11.1
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SLADE'S FERRY BANCORP. AND SUBSIDIARY
QUARTERLY DATA (UNAUDITED)
Three Months Ended September 30, Nine Months Ended September 30,
2006 2005 2006 2005
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(In thousands, except per share date) (In thousands, except per share date)
Net income $ 1,043 $ 900 $ 2,576 $ 2,848
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Average common shares outstanding 4,162,753 4,122,631 4,079,396 4,104,304
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Basic earnings per share $ 0.25 $ 0.22 $ 0.62 $ 0.69
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Average common shares outstanding 4,162,753 4,122,631 4,079,396 4,104,304
Net effect of dilutive stock options 11,707 22,935 15,356 27,824
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Adjusted common shares outstanding 4,174,460 4,145,566 4,094,752 4,132,128
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Diluted earnings per share $ 0.25 $ 0.22 $ 0.62 $ 0.69
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