Attached files
Exhibit
11 – Statements Re: Computation of Per Share Earnings
FLORIDA
COMMUNITY BANKS, INC.
COMPUTATION
OF EARNINGS PER COMMON SHARE
The
following tabulation presents the calculation of basic and diluted earnings per
common share for the three-month and nine-month periods ended September 30, 2009
and 2008. Average shares outstanding have been retroactively adjusted on an
equivalent share basis for the effects of the stock dividends and splits as
discussed in the notes to the financial statements.
Three Months
|
Nine
Months
|
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Ended September 30,
|
Ended
September 30,
|
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2009
|
2008
|
2009
|
2008
|
|||||||||||||
Basic
Earnings Per Share:
|
||||||||||||||||
Net loss
|
$ | (19,696,483 | ) | $ | (18,973,448 | ) | $ | (30,627,188 | ) | $ | (24,651,059 | ) | ||||
Earnings on common shares
|
$ | (19,696,483 | ) | $ | (18,973,448 | ) | $ | (30,627,188 | ) | $ | (24,651,059 | ) | ||||
Weighted average
common
shares outstanding – basic
|
7,918,217 | 7,918,217 | 7,918,217 | 7,918,119 | ||||||||||||
Basic earnings per common
share
|
$ | (2.49 | ) | $ | (2.40 | ) | $ | (3.87 | ) | $ | (3.11 | ) | ||||
Diluted
Earnings Per Share:
Net loss
|
$ | (19,696,483 | ) | $ | (18,973,448 | ) | $ | (30,627,188 | ) | $ | (24,651,059 | ) | ||||
Weighted average
common
Shares outstanding – diluted
|
7,918,217 | 7,918,217 | 7,918,217 | 7,949,943 | ||||||||||||
Diluted
earnings per common share
|
$ | (2.49 | ) | $ | (2.40 | ) | $ | (3.87 | ) | $ | (3.10 | ) |