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Previous: NETBANK INC, 10-Q, EX-27.1, 2000-08-11 |
Next: FIRST ROBINSON FINANCIAL CORP, 10QSB, 2000-08-11 |
<TABLE>
<CAPTION>
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
June 30,
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2000 1999(1)
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<S> <C> <C>
Net Earnings (in thousands) $ 171 $ 148
Basic earnings per share:
Weighted average shares outstanding 859,625 859,625
Less unearned employee stock ownership plan shares (42,747) (50,585)
Less shares repurchased (242,530) (60,806)
Average option shares granted 0 0
Less assumed purchase of shares using treasury method 0 0
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Common and common equivalent shares outstanding 574,348 748,234
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Earnings per common share - basic $ 0.30 $ 0.20
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Diluted earnings per share:
Weighted average shares outstanding 859,625 859,625
Less unearned employee stock ownership plan shares (42,747) (50,585)
Less shares repurchased (242,530) (60,806)
Average option shares granted(2) 0 0
Less assumed purchase of shares using treasury method 0 0
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Common and common equivalent shares outstanding 574,348 748,234
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Earnings per common share - diluted $ 0.30 $ 0.20
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</TABLE>
(1) See page 8 for Earnings per Share
(2) Option price exceeds market price
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