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Previous: USB HOLDING CO INC, 10-Q, EX-10.(OO), 2000-08-14 |
Next: USB HOLDING CO INC, 10-Q, EX-27, 2000-08-14 |
EXHIBIT 11
U.S.B. HOLDING CO., INC.
COMPUTATION OF EARNINGS PER COMMON SHARE
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2000
<TABLE>
<CAPTION>
Three Months Six Months
Ended Ended
June 30, 2000 June 30, 2000
------------- -------------
(000's, except share data)
<S> <C> <C>
Numerator:
Net income $ 5,033 $ 10,093
Less preferred stock dividends 11 11
----------- -----------
Net income for basic and diluted earnings
per common share - net income available
to common stockholders $ 5,022 $ 10,082
=========== ===========
Denominator:
Denominator for basic earnings per common
share - weighted average shares 16,516,349 16,543,393
Effects of dilutive securities:
Director and employee stock options 559,669 610,312
Restricted stock not vested 4,193 4,223
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Total effects of dilutive securities 563,862 614,535
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Denominator for diluted earnings per common
share - adjusted weighted average shares 17,080,211 17,157,928
=========== ===========
Basic earnings per common share $ 0.30 $ 0.61
=========== ===========
Diluted earnings per common share $ 0.29 $ 0.59
=========== ===========
</TABLE>
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