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Previous: VALLEY COMMUNITY BANCSHARES INC, 10-12G/A, EX-10.8, 2000-07-21 |
Next: VALLEY COMMUNITY BANCSHARES INC, 10-12G/A, EX-21, 2000-07-21 |
<PAGE>
EXHIBIT 11
<PAGE>
VALLEY COMMUNITY BANCSHARES, INC.
Computation of Earnings per share:
The numerators and denominators of basic and fully diluted earnings per share
are as follows:
<TABLE>
<CAPTION>
In thousands, except for per share amounts
1999 1998 1997
------------- ------------- -------------
<S> <C> <C> <C>
Net income (numerator) $ 1,394 $ 1,481 $ 1,592
============= ============= =============
Shares used in the calculation (denominator)
Weighted average shares outstanding 1,119,780 1,012,844 1,001,013
Effect of dilutive stock options 32,796 34,901 37,586
Fully diluted shares 1,152,576 1,047,745 1,038,599
============= ============= =============
Basic earnings per share $ 1.24 $ 1.46 $ 1.59
============= ============= =============
Fully diluted earnings per share $ 1.21 $ 1.41 $ 1.53
============= ============= =============
</TABLE>
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