EAGLE FINANCIAL SERVICES INC
10-Q, EX-11, 2000-08-09
STATE COMMERCIAL BANKS
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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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