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Previous: CENTURY SOUTH BANKS INC, 10-Q, 2000-11-14 |
Next: CENTURY SOUTH BANKS INC, 10-Q, EX-20, 2000-11-14 |
<PAGE>
EXHIBIT 11
CENTURY SOUTH BANKS, INC. AND SUBSIDIARIES
Statement re Computation of Per Share Earnings
The following computations set forth the calculations of basic and diluted net
income per common share and common share equivalents for the three and nine
month periods ended September 30, 2000 and 1999.
Basic Diluted
Earnings Earnings
Per Share Per Share
--------- ---------
(amounts in thousands, except per share data)
For the three months ended September 30, 2000:
Net income $ 5,273 5,273
======= ======
Weighted average number of common
shares outstanding 13,740 13,740
Common share equivalents resulting
from dilutive stock options - 106
------- ------
Adjusted weighted average number
of common and common equivalent
shares outstanding 13,740 13,846
======= ======
Net income per common share $ 0.38 0.38
======= ======
For the three months ended September 30, 1999:
Net income $ 4,576 4,576
======= ======
Weighted average number of common
shares outstanding 13,531 13,531
Common share equivalents resulting
from dilutive stock options - 71
------- ------
Adjusted weighted average number
of common and common equivalent
shares outstanding 13,531 13,602
======= ======
Net income per common share $ 0.34 0.34
======= ======
<PAGE>
Basic Diluted
Earnings Earnings
Per Share Per Share
--------- ---------
(amounts in thousands, except per share data)
For the nine months ended September 30, 2000:
Net income $15,498 15,498
======= ======
Weighted average number of common
shares outstanding 13,695 13,695
Common share equivalents resulting
from dilutive stock options - 142
------- ------
Adjusted weighted average number
of common and common equivalent
shares outstanding 13,695 13,837
======= ======
Net income per common share $ 1.13 1.12
======= ======
For the nine months ended September 30, 1999:
Net income $13,198 13,198
======= ======
Weighted average number of common
shares outstanding 13,511 13,511
Common share equivalents resulting
from dilutive stock options - 109
------- ------
Adjusted weighted average number
of common and common equivalent
shares outstanding 13,511 13,620
======= ======
Net income per common share $ 0.98 0.97
======= ======
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