from 10QSB
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<page> 1 Exhibit 11 Investorsbancorp, Inc. and Subsidiary Computation of Basic and Diluted Earnings Per Share (Unaudited) a Reconciliation of the Income and Shares Used in Computing the Basic and Diluted Earnings Per Share Is as Follows: <table> <caption> for Three Months Ended for Six Months Ended June 30, June 30, 2000 1999 2000 1999 <s> <c> <c> <c> <c> Net Income $ 177,957 $ 103,486 $ 353,820 $ 121,734 =========== =========== =========== =========== Determination of Shares: Weighted Average Common Shares Outstanding (Basic) 1,050,000 1,050,000 * 1,050,000 1,050,000 * Assumed Conversion of Stock Options - 3,377 * - 10,408 * Weighted Average Common Shares Outstanding (Diluted) 1,050,000 1,053,377 * 1,050,000 1,060,408 * =========== =========== =========== =========== Basic Earnings Per Common Share $ 0.17 $ 0.10 * $ 0.34 $ 0.12 * =========== =========== =========== =========== Diluted Earnings Per Common Share $ 0.17 $ 0.10 * $ 0.34 $ 0.11 * =========== =========== =========== =========== </Table> * Restated for 5% Stock Dividend as of the December 31, 1999 Record Date 21
