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Previous: WEST ESSEX BANCORP INC, 10QSB, 2000-11-13 |
Next: WEST ESSEX BANCORP INC, 10QSB, EX-27, 2000-11-13 |
Exhibit 11
WEST ESSEX BANCORP, INC.
COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
---------------------------- ----------------------------
2000 1999 2000 1999
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Net income $ 823,010 $ 783,392 $2,523,747 $2,268,664
========== ========== ========== ==========
Weighted average number of common shares outstanding 3,843,058 4,009,842 3,853,610 4,048,571
Common stock equivalents due to dilutive effect
of stock options and other dilutive securities 16,253 8,046 5,418 2,682
---------- ---------- ---------- ----------
Total weighted average number of common shares
and common share equivalents outstanding 3,859,311 4,017,888 3,859,028 4,051,253
========== ========== ========== ==========
Basic earnings per common share $ 0.21 $ 0.20 $ 0.65 $ 0.56
Diluted earnings per common share $ 0.21 $ 0.19 $ 0.65 $ 0.56
</TABLE>
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