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Previous: WESTERN RESERVE BANCORP INC, 10QSB, EX-10.3, 2000-08-14 |
Next: WESTERN RESERVE BANCORP INC, 10QSB, EX-27, 2000-08-14 |
<PAGE> 1
EXHIBIT 11
EARNINGS PER SHARE
<TABLE>
<CAPTION>
Three months ended Six months ended
June 30, June 30,
2000 1999 2000 1999
-------- ---------- -------- ---------
<S> <C> <C> <C> <C>
Numerator:
Net income (loss) $ 36,174 $(236,950) $ 37,210 $(462,110)
Denominator:
Denominator for basic earnings per
share--weighted-average shares 320,267 320,267 320,267 320,267
Effect of dilutive securities:
Nonqualified stock options 1,057 - 1,057 -
--------- ----------- --------- ----------
Denominator for diluted earnings
per share 321,324 320,267 321,324 320,267
========= =========== ========= ==========
Basic earnings (loss) per share $ 0.113 $ (0.740) $ 0.116 $ (1.443)
========= =========== ========= ==========
Diluted earnings (loss) per share $ 0.113 $ (0.740) $ 0.116 $ (1.443)
========= =========== ========= ==========
</TABLE>
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