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Previous: CIB MARINE BANCSHARES INC, 10-Q, 2000-11-14 |
Next: CIB MARINE BANCSHARES INC, 10-Q, EX-27, 2000-11-14 |
<PAGE> 1
EXHIBIT 11 - STATEMENT RE COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
QUARTER ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
---------------------------- ----------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
(Dollars in thousands)
<S> <C> <C> <C> <C>
NET INCOME $ 5,489 $ 3,408 $ 14,606 $ 9,675
============ ============ ============ ============
Weighted average shares outstanding:
Basic 16,845,000 16,083,232 16,680,794 16,077,019
Effect of dilutive stock options outstanding 242,023 185,822 222,098 175,831
------------ ------------ ------------ ------------
Diluted 17,087,026 16,269,054 16,902,892 16,252,850
EARNINGS PER SHARE
Basic $ 0.33 $ 0.21 $ 0.88 $ 0.60
Effect of dilutive stock options outstanding (0.01) -- (0.02) --
------------ ------------ ------------ ------------
Diluted $ 0.32 $ 0.21 $ 0.86 $ 0.60
============ ============ ============ ============
</TABLE>
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