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 Nine Months Ended
September 30 September 30
2001 2000 2001 2000
------------ ------------ ------------ ------------
JAN --- --- 1,445,429 1,432,797
FEB --- --- 1,448,400 1,435,016
MAR --- --- 1,448,400 1,435,016
APR --- --- 1,448,400 1,435,013
MAY --- --- 1,451,465 1,437,283
JUN --- --- 1,451,464 1,438,635
JUL 1,451,463 1,438,633 1,451,463 1,438,633
AUG 1,454,763 1,442,099 1,454,763 1,442,099
SEP 1,454,763 1,442,098 1,454,763 1,442,098
OCT --- --- --- ---
NOV --- --- --- ---
DEC --- --- --- ---
------------ ------------ ------------ ------------
4,360,989 4,322,830 13,054,547 12,936,590
3 3 9 9
- ------------ ------------ ------------ ------------ ------------
Weighted
Average
Shares
Outstanding 1,453,663 1,440,943 1,450,505 1,437,399
- ------------ ------------ ------------ ------------ ------------
Net Income $ 644,614 $ 503,394 $ 1,743,056 $ 1,508,874
- ------------ ------------ ------------ ------------ ------------
Earnings Per
Share, Basic
and Diluted $ 0.44 $ 0.35 $ 1.20 $ 1.05
- ------------ ------------ ------------ ------------ ------------