FLORIDA COMMUNITY BANKS INC - FORM 10-Q - EX-11 - COMPUTATION OF EARNINGS PER COMMON SHARE - November 16, 2009

Attached files

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10-Q - FLORIDA COMMUNITY BANK FORM 10-Q 9-30-09 - FLORIDA COMMUNITY BANKS INCform10-q.htm
EX-32.2 - CERTIFICATION AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - FLORIDA COMMUNITY BANKS INCexhibit32_2.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - FLORIDA COMMUNITY BANKS INCexhibit31_2.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - FLORIDA COMMUNITY BANKS INCexhibit31_1.htm
EX-32.1 - CERTIFICATION AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - FLORIDA COMMUNITY BANKS INCexhibit32_1.htm



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
  
   
           Ended September 30,
    
        Ended September 30,
  
   
   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 )