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EXHIBIT 11
INVESTORSBANCORP, INC. AND SUBSIDIARY
COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE
(UNAUDITED)
A reconciliation of the income and shares used in computing the basic and
diluted earnings per share is as follows:
<TABLE>
<CAPTION>
FOR THREE MONTHS ENDED FOR NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
--------------------------- ---------------------------
2000 1999 2000 1999
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Net income $ 255,677 $ 138,469 $ 609,497 $ 260,203
========== ========== ========== ==========
Determination of shares:
Weighted average common shares
outstanding (basic) 1,046,998 1,050,000 * 1,048,992 1,050,000
Assumed conversion of stock options - - * - 6,396
---------- ---------- ---------- ----------
Weighted average common shares
outstanding (diluted) 1,046,998 1,050,000 * 1,048,992 1,056,396
========== ========== ========== ==========
Basic earnings per common share $ 0.24 $ 0.13 * $ 0.58 $ 0.25
========== ========== ========== ==========
Diluted earnings per common share $ 0.24 $ 0.13 * $ 0.58 $ 0.25
========== ========== ========== ==========
</TABLE>
* Restated for 5% stock dividend as of the December 31, 1999 record date
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