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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 six-month period ended June
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.
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<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30 JUNE 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE:
Net Income.................. $ 383,072 $ 230,180 $ 693,857 $ 504,217
Earnings on common shares... 383,072 230,180 693,857 504,217
Weighted average common
shares outstanding - basic.. 2,731,322 2,646,376 2,753,654 2,646,376
Basic earnings per common
shares...................... $ .14 $ .09 $ .25 $ .19
DILUTED EARNINGS PER SHARE:
Net Income................... 383,072 230,180 693,857 504,217
Weighted average common
shares outstanding - diluted 2,952,446 2,831,934 2,938,131 2,831,034
Diluted earnings per common
shares...................... $ .13 $ .08 $ .24 $ .18
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