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Previous: WEST ESSEX BANCORP INC, 10QSB, 2000-08-08 |
Next: WEST ESSEX BANCORP INC, 10QSB, EX-27, 2000-08-08 |
Exhibit 11
WEST ESSEX BANCORP, INC.
COMPUTATION OF EARNINGS PER SHARE
---------------------------------
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
--------------------------------- ------------------------------------
2000 1999 2000 1999
--------------- --------------- ---------------- ----------------
<S> <C> <C> <C> <C>
Net income $ 820,801 $ 733,693 $ 1,700,737 $ 1,485,272
Weighted average number of common shares outstanding 3,858,743 4,069,783 3,858,886 4,067,936
Common stock equivalents due to dilutive effect
of stock options - - - -
Total weighted average number of common shares
and common share equivalents outstanding 3,858,743 4,069,783 3,858,886 4,067,936
Basic earnings per common share $ 0.21 $ 0.18 $ 0.44 $ 0.37
Diluted earnings per common share $ 0.21 $ 0.18 $ 0.44 $ 0.37
</TABLE>
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