|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: QUAKER CITY BANCORP INC, 10-Q, 2000-11-13 |
Next: QUAKER CITY BANCORP INC, 10-Q, EX-27.1, 2000-11-13 |
<PAGE>
Exhibit 11.1
Quaker City Bancorp, Inc.
Computation of Earnings Per Share
<TABLE>
<CAPTION>
Three Months
Ended
September 30,
2000
----
<S> <C> <C>
A Average common shares outstanding............. 4,904,457
--------------
B Net earnings for period....................... $3,276,000
==============
Basic earnings per share [ B / A ]............ $0.67
==============
Common share equivalents:
C Stock options outstanding..................... 712,492
--------------
D Option exercise price......................... $ 10.55
--------------
E Exercise proceeds [ C x D ]................... $7,516,791
--------------
F Tax benefit on non-qualified options.......... $ 622,186
--------------
G Total exercise proceeds [ E + F ]............. $8,138,977
--------------
H Average market price in period................ $ 16.99
--------------
I Shares repurchased at market price [ G / H ].. 479,045
--------------
J Increase in common shares [ C - I ]........... 233,447
--------------
K Shares outstanding and equivalents [ A + J ].. 5,137,904
==============
L Net earnings for period....................... $3,276,000
==============
Diluted earnings per share [ L / K ].......... $ 0.64
==============
</TABLE>
|
|