EXHIBIT 11
FIRST KEYSTONE CORPORATION
COMPUTATION OF EARNINGS PER COMMON SHARE
<TABLE>
<CAPTION>
For the Nine Month Period Ended September 30,
2000 and 1999
(Dollars in Thousands)
2000 1999
<S> <C> <C>
Primary
Net Income $ 3,844 $ 3,878
Shares
Weighted average number of
common shares outstanding 2,833,727 2,872,718
Adjustments - increases or
decreases None None
Weighted average number of
common shares outstanding
as adjusted 2,833,727 2,872,718
Primary earnings per common
share $ 1.36 $ 1.35
Assuming full dilution
Net Income $ 3,844 $ 3,878
Shares
Weighted average number of
common shares outstanding 2,833,727 2,872,718
Adjustments - increases or
decreases None None
Weighted average number of
common shares outstanding
as adjusted 2,833,727 2,872,718
Earnings per common share
assuming full dilution $ 1.36 $ 1.35
</TABLE>
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