EXHIBIT 11. COMPUTATION OF EARNINGS PER COMMON SHARE
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(Dollars in Thousands Except Per Share Data and Number of Shares)
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Weighted Average
Three-Month Periods Ended Number of Shares Net Earnings Per
June 30, Outstanding Income Common Share
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1999 10,081,320 $ 541 $ .05
1998 10,685,374 12,610 1.18
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(Dollars in Thousands Except Per Share Data and Number of Shares)
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Weighted Average
Six-Month Periods Ended Number of Shares Net Earnings Per
June 30, Outstanding Income Common Share
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1999 10,086,492 $ 3,505 $ .35
1998 10,702,805 21,492 2.01
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Computation of weighted average number of common and common equivalent shares:
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Three-Month Periods Ended June 30, 1999 1998
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Common shares outstanding beginning of the period 10,091,721 10,709,222
Weighted average of the common
shares purchased and retired or reissued (10,401) (23,848)
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Weighted average number of common shares 10,081,320 10,685,374
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Six-Month Periods Ended June 30, 1999 1998
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Common shares outstanding beginning of the period 10,091,721 10,727,322
Weighted average of the common
shares purchased and retired or reissued (5,229) (24,517)
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Weighted average number of common shares 10,086,492 10,702,805
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