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EXHIBIT 11.1
NATIONAL BANCSHARES CORPORATION OF TEXAS AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share amounts)
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THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC EPS:
Net income $ 0.33 $ 0.28 $ 0.56 $ 0.48
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DILUTED EPS:
Net income $ 0.33 $ 0.27 $ 0.55 $ 0.47
============== ============= ============= ==============
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<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Income available to common stockholders $ 1,363 $ 1,153 $ 2,302 $ 1,990
============== ============= ============= ==============
Weighted average number of common
shares used in Basic EPS 4,109,916 4,167,021 4,129,679 4,168,426
Effect of dilutive stock options 29,060 89,777 58,134 93,527
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Weighted number of common shares
and dilutive potential common stock
used in Diluted EPS 4,138,976 4,256,798 4,187,813 4,261,953
============== ============= ============= ==============
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