EXHIBIT 11
EAGLE FINANCIIAL SERVICES, INC. AND SUBSIDIARY
Computations of Weighted Average Shares Outstanding and Earnings Per Share
(Shares Outstanding End of Month)
2002 2001 2000
Shares Shares Shares
Outstanding Outstanding Outstanding
------------- ------------- -------------
January 1,461,394 1,445,429 1,432,797
February 1,464,952 1,448,400 1,435,016
March 1,464,949 1,448,400 1,435,016
April 1,464,947 1,448,400 1,435,013
May 1,468,772 1,451,465 1,437,283
June 1,468,772 1,451,464 1,438,635
July 1,468,772 1,451,463 1,438,633
August 1,472,392 1,454,763 1,442,099
September 1,472,389 1,454,763 1,442,098
October 1,475,061 1,454,761 1,442,098
November 1,478,771 1,458,285 1,445,431
December 1,478,770 1,461,395 1,445,431
------------- ------------- -------------
17,639,941 17,428,988 17,269,550
12 12 12
- ------------ ------------- ------------- -------------
Weighted
Average
Shares
Outstanding 1,469,995 1,452,416 1,439,129
- ------------ ------------- ------------- -------------
Net Income $ 3,543,901 $ 2,444,692 2,014,826
- ------------ ------------- ------------- -------------
Earnings Per
Share, Basic
and Assuming
Dilution $ 2.41 $ 1.68 $1.40
- ------------ ------------- ------------- -------------
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