CRESCENT BANKING CO - FORM 10-K - EX-11.1 - STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS - April 1, 2010

Attached files

file filename
10-K - FORM 10-K - CRESCENT BANKING COd10k.htm
EX-13.1 - CRESCENT BANKING COMPANY 2009 ANNUAL REPORT TO SHAREHOLDERS - CRESCENT BANKING COdex131.htm
EX-31.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - CRESCENT BANKING COdex312.htm
EX-23.1 - CONSENT OF DIXON HUGHES PLLC - CRESCENT BANKING COdex231.htm
EX-32.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - CRESCENT BANKING COdex321.htm
EX-21.1 - SUBSIDIARIES OF THE CRESCENT BANKING COMPANY - CRESCENT BANKING COdex211.htm
EX-32.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - CRESCENT BANKING COdex322.htm
EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - CRESCENT BANKING COdex311.htm

EXHIBIT 11.1

COMPUTATION OF PER SHARE EARNINGS (LOSSES)

STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (LOSSES)

Consolidated

 

     Year Ended December 31,
     2009     2008     2007

Weighted average Shares of Common Stock outstanding during the year

      5,282,206        5,231,111        5,164,169

Shares of Common Stock issuable in connection with assumed exercise of options under the treasury stock method (1)

      —          —          466,694

TOTAL

      5,282,206        5,231,111        5,630,863

Net Income (Loss)

    $ (35,544,473 )    $ (31,704,468 )    $ 6,399,933

Per Share amount—Primary/Basic

    $ (6.73 )    $ (6.06 )    $ 1.24

Per Share amount—Diluted

    $ (6.73 )    $ (6.06 )    $ 1.14
Continued Operations       
     Year Ended December 31,
     2009     2008     2007

Weighted average Shares of Common Stock outstanding during the year

      5,282,206        5,231,111        5,164,169

Shares of Common Stock issuable in connection with assumed exercise of options under the treasury stock method (1)

      —          —          466,694

TOTAL

      5,282,206        5,231,111        5,630,863

Net Income (Loss)

    $ (35,544,473 )    $ (31,046,053 )    $ 6,325,338

Per Share amount—Primary/Basic

    $ (6.73 )    $ (5.93 )    $ 1.22

Per Share amount—Diluted

    $ (6.73 )    $ (5.93 )    $ 1.12
Discontinued Operations       
     Year Ended December 31,
     2009     2008     2007

Weighted average Shares of Common Stock outstanding during the year

      5,282,206        5,231,111        5,164,169

Shares of Common Stock issuable in connection with assumed exercise of options under the treasury stock method (1)

      —          —          466,694

TOTAL

      5,282,206        5,231,111        5,630,863

Net Income (Loss)

    $ —        $ (658,415 )    $ 74,595

Per Share amount—Primary/Basic

    $ —        $ (.13 )    $ 0.01

Per Share amount—Diluted

    $ —        $ (.13 )    $ 0.01

 

(1) Diluted loss per share is calculated by using the weighted average common shares outstanding, instead of the diluted weighted average shares outstanding, because they are anti-dilutive. For the year ended December 31, 2009, 70,413 were excluded. For year ended December 31, 2008, 39,089 were excluded.