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Previous: MARATHON FINANCIAL CORP, 10QSB, 2000-08-10 |
Next: MARATHON FINANCIAL CORP, 10QSB, EX-27, 2000-08-10 |
<TABLE>
EXHIBIT 11
MARATHON FINANCIAL CORPORATION
Computation of Weighted Average Shares Outstanding and Earnings Per Share
Shares Outstanding End of Month - 2nd Quarter
<CAPTION>
2000 1999
---- ----
<S> <C> <C>
April 2,051,441 2,060,686
May 2,051,441 2,057,137
June 2,051,441 2,055,186
--------- ---------
6,154,323 6,173,009
Divided by 3 months 3 months
-------- --------
Weighted Shares Outstanding 2,051,441 2,057,670
========= =========
Add Dilutive Shares 11,307 32,376
2,062,748 2,090,046
========= =========
Net Income $353,012 $262,061
======== ========
Net Income Per Share, Basic
And Assuming Dilution* $ .17 $ .13
======== ========
Shares Outstanding End of Month - Year-to-date
2000 1999
---- ----
January 2,049,409 2,063,605
February 2,051,441 2,063,365
March 2,051,441 2,060,602
April 2,051,441 2,060,686
May 2,051,441 2,057,137
June 2,051,441 2,055,186
--------- ---------
12,306,614 12,360,581
Divided by 6 months 6 months
-------- --------
Weighted Shares Outstanding 2,051,102 2,060,097
========= =========
Add Dilutive Shares 16,076 38,167
2,067,178 2,098,264
========= ==========
Net Income $645,745 $498,549
======== ========
Net Income Per Share, Basic $ .31 $ .24
======== ========
Net Income Per Share, Assuming Dilution $ .31 $ .24
======== ========
</TABLE>
* See disclosure of computation at footnote #6 of financial statements
incorporated herein.
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