Attached files
| file | filename |
|---|---|
| 10-K - HILLS BANCORPORATION 10-K 12-31-2009 - HILLS BANCORPORATION | form10k.htm |
| EX-32 - EXHIBIT 32 - HILLS BANCORPORATION | ex32.htm |
| EX-31 - EXHIBIT 31 - HILLS BANCORPORATION | ex31.htm |
| EX-23 - EXHIBIT 23 - HILLS BANCORPORATION | ex23.htm |
| EX-21 - EXHIBIT 21 - HILLS BANCORPORATION | ex21.htm |
EXHIBIT 11
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Exhibit 11
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STATEMENT RE COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE
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Year Ended December 31,
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2009
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2008
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2007
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Shares of common stock, beginning
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4,440,545 | 4,490,107 | 4,503,738 | |||||||||
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Shares of common stock, ending
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4,422,274 | 4,440,545 | 4,490,107 | |||||||||
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Computation of weighted average number of basic and diluted shares:
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Common shares outstanding at the beginning of the year
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4,440,545 | 4,490,107 | 4,503,738 | |||||||||
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Weighted average number of net shares issued (redeemed)
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(17,843 | ) | (22,122 | ) | (4,158 | ) | ||||||
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Weighted average shares outstanding (basic)
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4,422,702 | 4,467,985 | 4,499,580 | |||||||||
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Weighted average of potential dilutive shares attributable to stock options granted, computed under the treasury stock method
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12,812 | 15,202 | 19,495 | |||||||||
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Weighted average number of shares (diluted)
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4,435,514 | 4,483,187 | 4,519,075 | |||||||||
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Net income (In Thousands)
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$ | 15,985 | $ | 14,140 | $ | 16,143 | ||||||
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Earnings per share:
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Basic
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$ | 3.61 | $ | 3.16 | $ | 3.59 | ||||||
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Diluted
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$ | 3.60 | $ | 3.15 | $ | 3.57 | ||||||
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Dividends per common share
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$ | 0.91 | $ | 0.91 | $ | 0.86 | ||||||