Exhibit 11
BANDO McGLOCKLIN CAPITAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF NET INCOME PER COMMON SHARE
For the three months For the nine months
ended September 30, ended September 30,
2000 1999 2000 1999
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Net income available to
common shareholders $ 666,823 $1,278,876 $2,389,788 $3,077,407
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Determination of shares:
Weighted average common
shares outstanding
(basic) 3,801,664 3,984,983* 3,865,139 4,019,998*
Assumed conversion of
stock options 2,142 5,470* 1,920 3,106*
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Weighted average common
shares outstanding
(diluted) 3,803,806 3,990,453* 3,867,059 4,023,104*
========== ========== ========== ==========
Basic earnings per share $ 0.18 $ 0.32* $ 0.62 $ 0.77*
Diluted earnings per share $ 0.18 $ 0.32* $ 0.62 $ 0.76*
* Restated for 10% stock dividend as of the December 31, 1999 record date.
