EXHIBIT 11
EAGLE FINANCIAL SERVICES, INC. AND SUBSIDIARY
Computations of Weighted Average Shares Outstanding and Earnings Per Share
(Shares Outstanding End of Month)
Three Months Ended Three Months Ended
March 31 March 31
2001 2000 2001 2000
------------ ------------ ------------ ------------
JAN 1,445,429 1,432,797 1,445,429 1,432,797
FEB 1,448,400 1,435,016 1,448,400 1,435,016
MAR 1,448,400 1,435,016 1,448,400 1,435,016
APR --- --- --- ---
MAY --- --- --- ---
JUN --- --- --- ---
JUL --- --- --- ---
AUG --- --- --- ---
SEP --- --- --- ---
OCT --- --- --- ---
NOV --- --- --- ---
DEC --- --- --- ---
------------ ------------ ------------ ------------
4,342,229 4,302,829 4,342,229 4,302,829
3 3 3 3
- ------------ ------------ ------------ ------------ ------------
Weighted
Average
Shares
Outstanding 1,447,410 1,434,276 1,447,410 1,434,276
- ------------ ------------ ------------ ------------ ------------
Net Income $ 554,861 $ 488,638 $ 554,861 $ 488,638
- ------------ ------------ ------------ ------------ ------------
Earnings Per
Share, Basic
and Diluted $ 0.38 $ 0.34 $ 0.38 $ 0.34
- ------------ ------------ ------------ ------------ ------------
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