Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - HUDSON VALLEY HOLDING CORP | y89414e10vk.htm |
| EX-12 - EX-12 - HUDSON VALLEY HOLDING CORP | y89414exv12.htm |
| EX-21 - EX-21 - HUDSON VALLEY HOLDING CORP | y89414exv21.htm |
| EX-32.2 - EX-32.2 - HUDSON VALLEY HOLDING CORP | y89414exv32w2.htm |
| EX-31.2 - EX-31.2 - HUDSON VALLEY HOLDING CORP | y89414exv31w2.htm |
| EX-32.1 - EX-32.1 - HUDSON VALLEY HOLDING CORP | y89414exv32w1.htm |
| EX-23.1 - EX-23.1 - HUDSON VALLEY HOLDING CORP | y89414exv23w1.htm |
| EX-31.1 - EX-31.1 - HUDSON VALLEY HOLDING CORP | y89414exv31w1.htm |
Exhibit
11. Computation of per share earnings
The following table sets forth the computation of basic and
diluted earnings per common share for Hudson Valley Holding
Corp. for each of the years indicated:
| Year Ended December 31, | ||||||||||||
| 2010 | 2009 | 2008 | ||||||||||
| (000’s except share data) | ||||||||||||
|
Numerator:
|
||||||||||||
|
Net income available to common shareholders for basic and
diluted earnings per share
|
$ | 5,113 | $ | 19,012 | $ | 30,877 | ||||||
|
Denominator:
|
||||||||||||
|
Denominator for basic earnings per common share —
weighted average shares(1)
|
17,630,814 | 13,644,736 | 13,166,931 | |||||||||
|
Effect of diluted securities:
|
||||||||||||
|
Stock options(1)
|
56,432 | 271,332 | 445,674 | |||||||||
|
Denominator for diluted earnings per common share —
diluted weighted average shares(1)
|
17,687,246 | 13,916,068 | 13,612,605 | |||||||||
|
Basic earnings per common share(1)
|
$ | 0.29 | $ | 1.39 | $ | 2.35 | ||||||
|
Diluted earnings per common share(1)
|
$ | 0.29 | $ | 1.37 | $ | 2.27 | ||||||
| (1) | Adjusted for the effects of the 10 percent stock dividends in 2010 and 2009. |