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EXHIBIT 11
APPALACHIAN BANCSHARES, INC.
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
The following tabulation presents the calculation of basic and diluted earnings
per common share for the three-month and nine month period ended September 30,
2000 and 1999. Average shares outstanding have been retroactively adjusted on an
equivalent share basis for the effects of the two-for-one stock split issued on
April 12, 2000.
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30 September 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE:
Net Income $ 583,599 $ 347,113 $1,277,456 $ 851,330
Earnings on common shares'
Taxable securities 583,599 347,113 1,277,456 851,330
Weighted average common shares 2,831,071 2,647,248 2,721,195 2,646,670
outstanding - basic
Basic earnings per common shares $ .21 $ .13 $ .47 $ .32
========== ========== ========== ==========
DILUTED EARNINGS PER SHARE:
Net Income $ 583,599 $ 347,113 $1,277,456 $ 851,330
Weighted average common shares 3,082,015 2,851,632 2,924,217 2,838,050
outstanding - diluted
Diluted earnings per common shares $ .19 $ .12 $ .44 $ .30
========== ========== ========== ==========
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