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EXHIBIT 11- Statement Re: Computation of Per Share Earnings
CARROLLTON BANCORP
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Three Months Ended June 30 Six Months Ended June 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Average shares outstanding - Basic 2,745,876 2,818,988 2,758,192 2,822,304
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Average shares outstanding - Diluted 2,745,876 2,820,538 2,758,192 2,823,189
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Net income 460,850 570,890 886,414 1,078,307
Earnings per share: Basic $0.17 $0.20 $0.32 $0.38
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Earnings per share: Diluted $0.17 $0.20 $0.32 $0.38
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