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EXHIBIT 11
UNITED BANCSHARES, INC. AND SUBSIDIARIES
Computation of Earnings Per Share
Three months ended | |||||||||
March 31, | |||||||||
2000 | 1999 | ||||||||
BASIC EARNINGS PER SHARE | |||||||||
EARNINGS: | |||||||||
Net Income | $ | 529 | $ | 475 | |||||
AVERAGE SHARES OUTSTANDING: | |||||||||
Weighted average common shares outstanding | 2,290,435 | 2,267,968 | |||||||
BASIC EARNINGS PER SHARE | $ | 0.23 | $ | 0.21 | |||||
DILUTED EARNINGS PER SHARE | |||||||||
EARNINGS: | |||||||||
Net Income | $ | 529 | $ | 475 | |||||
AVERAGE SHARES OUTSTANDING: | |||||||||
Weighted average common shares outstanding | 2,290,435 | 2,267,968 | |||||||
Net effect of the assumed exercise of stock options | 119,013
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134,480
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Total | 2,409,448 | 2,402,448 | |||||||
DILUTED EARNINGS PER SHARE | $ | 0.22 | $ | 0.20 |
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