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EXHIBIT 11
Alabama National BanCorporation
Computation of Earnings Per Share (Unaudited)
(In thousands, except per share amounts)
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<CAPTION>
Per Share
Income Shares Amount
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<S> <C> <C> <C>
THREE MONTHS ENDED JUNE 30, 2000
Basic EPS net income................................... $ 5,903 11,065 $ 0.53
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Effect of dilutive securities options.................. - 153
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Diluted EPS............................................ $ 5,903 11,218 $ 0.53
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THREE MONTHS ENDED JUNE 30, 1999
Basic EPS net income................................... $ 5,380 11,100 $ 0.48
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Effect of dilutive securities options.................. - 167
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Diluted EPS............................................ $ 5,380 11,267 $ 0.48
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SIX MONTHS ENDED JUNE 30, 2000
Basic EPS net income................................... $11,561 11,066 $ 1.04
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Effect of dilutive securities options.................. - 146
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Diluted EPS............................................ $11,561 11,212 $ 1.03
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SIX MONTHS ENDED JUNE 30, 1999
Basic EPS net income................................... $10,399 11,061 $ 0.94
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Effect of dilutive securities options.................. - 175
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Diluted EPS............................................ $10,399 11,236 $ 0.93
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