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Previous: COOPERATIVE BANKSHARES INC, 10-Q, 2000-08-08 |
Next: COOPERATIVE BANKSHARES INC, 10-Q, EX-27, 2000-08-08 |
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
1999 1998 1999 1998
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<S> <C> <C> <C> <C>
Basic income per common share:
Net Income $ 673,396 $ 668,800 $1,314,347 $1,283,981
Weighted average common shares outstanding 2,798,477 3,011,416 2,888,894 2,997,717
Basic income per common share $ 0.24 $ 0.22 $ 0.45 $ 0.43
Dilutive income per common share:
Net Income $ 673,396 $ 668,800 $1,314,347 $1,283,981
Weighted average common shares outstanding 2,798,477 3,011,416 2,888,894 2,997,717
Dilutive effect of stock options 154,889 195,285 157,805 203,421
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Total shares 2,953,366 3,206,701 3,046,699 3,201,138
Dilutive income per common share $ 0.23 $ 0.21 $ 0.43 $ 0.40
</TABLE>
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