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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