Attached files

file filename
10-K - FORM 10-K - MVB FINANCIAL CORPd10k.htm
EX-24 - POWER OF ATTORNEY - MVB FINANCIAL CORPdex24.htm
EX-14 - CODE OF ETHICS - MVB FINANCIAL CORPdex14.htm
EX-21 - SUBSIDIARY OF REGISTRANT - MVB FINANCIAL CORPdex21.htm
EX-31.1 - SECTION 302 PEO CERTIFICATION - MVB FINANCIAL CORPdex311.htm
EX-32.1 - SECTION 906 PEO & PFO CERTIFICATION - MVB FINANCIAL CORPdex321.htm
EX-31.2 - SECTION 302 PFO CERTIFICATION - MVB FINANCIAL CORPdex312.htm

Exhibit 11

Earnings Per Share

Earnings per Share are calculated as follows:

 

(in thousands, except shares and per share amounts)              
     For the years ended
December 31,
 
     2010      2009  

Numerator for both basic and diluted earnings per share:

     

Net Income

   $ 2,237       $ 1,406   

Denominator:

     

Total average shares outstanding

     1,598,432         1,601,986   

Effect of dilutive stock options

     1,625,884         1,628,102   

Total diluted average shares outstanding

     

Earnings Per Share - Basic

   $ 1.40       $ 0.88   

Earnings Per Share - Diluted

   $ 1.38       $ 0.86