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Previous: COOPERATIVE BANKSHARES INC, 10-Q/A, 2000-08-09 |
Next: COOPERATIVE BANKSHARES INC, 10-Q/A, EX-27, 2000-08-09 |
EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Basic income per common share:
Net Income $ 695,286 $ 673,396 $ 969,306 $ 1,314,347
Weighted average common shares outstanding 2,708,990 2,798,477 2,714,539 2,888,894
Basic income per common share $ 0.26 $ 0.24 $ 0.36 $ 0.45
Dilutive income per common share:
Net Income $695,286 $ 673,396 $ 969,306 $ 1,314,347
Weighted average common shares outstanding 2,708,990 2,798,477 2,714,539 2,888,894
Dilutive effect of stock options 87,554 154,889 97,016 157,805
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Total shares 2,796,544 2,953,366 2,811,555 3,046,699
Dilutive income per common share $ 0.25 $ 0.23 $ 0.34 $ 0.43
</TABLE>
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