EXHIBIT 11.1
ACCESS ANYTIME BANCORP, INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
For the three months ended For the nine months ended
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September 30, September 30, September 30, September 30,
1997 1996 1997 1996
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PRIMARY EARNINGS PER SHARE
Net income (loss) $1,318,542 $ (748,029) $1,565,058 $ (700,124)
Shares: (c)
Weighted average number of shares outstanding 1,216,818 731,985 1,115,707 717,078
Add-Dilutive effect of outstanding stock options
(as determined by the application of the treasury
stock method) 15,616 825 5,688 4,264
Add-Dilutive effect of shares issuable to Directors
in lieu of cash compensation 1,369 -- 522 --
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Weighted average number of shares outstanding
as adjusted 1,233,803 732,810 1,121,917 721,342
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Net income (loss) per share: Primary $ 1.068681(a) $(1.020768)(b) $ 1.394986(a) $(0.970585)(b)
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ASSUMING FULL DILUTION
Net income (loss) $1,318,542 $ (748,029) $1,565,058 $ (700,124)
Shares: (c)
Weighted average number of shares outstanding 1,216,818 731,985 1,115,707 717,078
Add-Dilutive effect of outstanding stock options
(as determined by the application of the treasury
stock method) 28,962 2,936 15,040 4,496
Add-Dilutive effect of shares issuable to Directors
in lieu of cash compensation 1,369 -- 522 --
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Weighted average number of shares outstanding
as adjusted 1,247,149 734,921 1,131,269 721,574
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Net income (loss) per share: Assuming Full Dilution $ 1.057245(a) $(1.017836)(b) $ 1.383453(a) $(0.970273)(b)
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(a) This calculation is submitted in accordance with Regulation S-B item
601(b)(11) although not required by footnote 2 to paragraph 14 of APB
Opinion No. 15 because it results in dilution of less than 3%.
(b) This calculation is submitted in accordance with Regulation S-B item
601(b)(11) although not required by paragraph 30 of APB Opinion No. 15
because its effect is antidilutive.
(c) All share information has been revised to give effect to a 2% common stock
dividend declared on October 30, 1997.