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Previous: CENTURY SOUTH BANKS INC, 10-Q, 2000-08-14 |
Next: CENTURY SOUTH BANKS INC, 10-Q, EX-20, 2000-08-14 |
<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 six month
periods ended June 30, 2000 and 1999.
<TABLE>
<CAPTION>
Basic Diluted
Earnings Earnings
Per Share Per Share
--------- ---------
(amounts in thousands,
except per share data)
<S> <C> <C>
For the three months ended June 30, 2000:
Net income $ 5,196 5,196
======= ======
Weighted average number of common
shares outstanding 13,739 13,739
Common share equivalents resulting
from dilutive stock options - 103
------- ------
Adjusted weighted average number
of common and common equivalent
shares outstanding 13,739 13,842
======= ======
Net income per common share $ 0.38 0.38
======= ======
For the three months ended June 30, 1999:
Net income $ 4,552 4,552
======= ======
Weighted average number of common
shares outstanding 13,509 13,509
Common share equivalents resulting
from dilutive stock options - 104
------- ------
Adjusted weighted average number
of common and common equivalent
shares outstanding 13,509 13,613
======= ======
Net income per common share $ 0.34 0.33
======= ======
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Basic Diluted
Earnings Earnings
Per Share Per Share
--------- ---------
(amounts in thousands,
except per share data)
<S> <C> <C>
For the six months ended June 30, 2000:
Net income $10,225 10,225
======= ======
Weighted average number of common
shares outstanding 13,672 13,672
Common share equivalents resulting
from dilutive stock options - 142
------- ------
Adjusted weighted average number
of common and common equivalent
shares outstanding 13,672 13,814
======= ======
Net income per common share $ 0.75 0.74
======= ======
For the six months ended June 30, 1999:
Net income $ 8,622 8,622
======= ======
Weighted average number of common
shares outstanding 13,501 13,501
Common share equivalents resulting
from dilutive stock options - 121
------- ------
Adjusted weighted average number
of common and common equivalent
shares outstanding 13,501 13,622
======= ======
Net income per common share $ 0.64 0.63
======= ======
</TABLE>
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