EAGLE FINANCIAL SERVICES INC
10-Q, EX-11, 2000-11-13
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                    Nine Months Ended
                        September 30,                        September 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
MAY                    ---               ---          1,437,283         1,422,201
JUN                    ---               ---          1,438,635         1,422,201
JUL              1,438,633         1,422,201          1,438,633         1,422 201
AUG              1,442,099         1,424,326          1,442,099         1,422,326
SEP              1,442,098         1,424,326          1,442,098         1,424,326
OCT                    ---               ---                ---               ---
NOV                    ---               ---                ---               ---
DEC                    ---               ---                ---               ---
              ------------      ------------       ------------      ------------
                 4,322,830         4,270,853         12,936,590        12,794,457
                         3                 3                  9                 9
------------  ------------      ------------       ------------      ------------
Weighted
Average
Shares
Outstanding      1,440,943         1,423,618          1,437,399         1,421,606
------------  ------------      ------------       ------------      ------------
Net Income    $    503,394      $    455,346      $   1,508,874      $  1,258,558
------------  ------------      ------------       ------------      ------------
Earnings Per
Share, Basic
and Diluted   $       0.35      $       0.32      $        1.05      $       0.89
------------  ------------      ------------       ------------      ------------
</TABLE>

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