Exhibit 11
Washington Bancorp
Computation of Earnings per Common Share
Twelve Months ended
June 30, 2000
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Basic EPS Diluted EPS
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Computation of weighted average number of
common shares outstanding:
Common shares outstanding at the beginning of the
period ............................................ 651,133 651,133
Unreleased common shares held by the Employee
Stock Ownership Plan (ESOP) at the beginning
to the period ..................................... (37,972) (37,972)
Weighted average common shares released by the
ESOP during the period ............................ 2,345 2,345
Weighted average common shares outstanding -
Stock Option Plan ................................. -- 9,643
Weighted average common shares purchased
for treasury ...................................... (69,543) (69,543)
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Weighted average number of common shares ........... 545,963 555,606
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Net income ......................................... 1,016,242 1,016,242
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Net income per common share ........................ 1.86 1.83
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