EXHIBIT 11
EAGLE FINANCIAL SERVICES, INC. AND SUBSIDIARY
Computations of Weighted Average Shares Outstanding and Earnings Per Share
(Shares Outstanding End of Month)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
JAN --- --- 1,432,797 1,418,341
FEB --- --- 1,435,016 1,420,287
MAR --- --- 1,435,016 1,420,287
APR 1,435,013 1,420,287 1,435,013 1,420,287
MAY 1,437,283 1,422,201 1,437,283 1,422,201
JUN 1,438,635 1,422,201 1,438,635 1,422,201
JUL --- --- --- ---
AUG --- --- --- ---
SEP --- --- --- ---
OCT --- --- --- ---
NOV --- --- --- ---
DEC --- --- --- ---
------------ ------------ ------------ ------------
4,310,931 4,264,689 8,613,760 8,523,604
3 3 6 6
------------ ------------ ------------ ------------ ------------
Weighted
Average
Shares
Outstanding 1,436,977 1,421,563 1,435,627 1,420,601
------------ ------------ ------------ ------------ ------------
Net Income $ 516,842 $ 436,165 $ 1,005,480 $ 803,212
------------ ------------ ------------ ------------ ------------
Earnings Per
Share, Basic
and Diluted $ 0.36 $ 0.31 $ 0.70 $ 0.57
------------ ------------ ------------ ------------ ------------
</TABLE>
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