EX-11 2 september302016exhibit11.htm EXHIBIT 11
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)

|  | Three Months Ended September 30, |  | Six Months Ended September 30,
$ in thousands except per share data |  | 2016 |  | 2015 |  | 2016 |  | 2015
Earnings per common share |  |  |  |  |  |  |  |
Net income |  | $ | (252 | ) |  | $ | (156 | ) |  | $ | 156 |  |  | $ | 289 |
Less: Participated securities share of undistributed earnings |  | — |  |  | — |  |  | 94 |  |  | 173 |
Net income available to common shareholders of Carver Bancorp, Inc. |  | $ | (252 | ) |  | $ | (156 | ) |  | $ | 62 |  |  | $ | 116 |
Weighted average common shares outstanding |  | 3,696,420 |  |  | 3,696,420 |  |  | 3,696,420 |  |  | 3,696,338 |
Effect of dilutive MRP shares |  | 4,000 |  |  | 4,000 |  |  | 4,000 |  |  | 4,000 |
Weighted average common shares outstanding - diluted |  | 3,700,420 |  |  | 3,700,420 |  |  | 3,700,420 |  |  | 3,700,338 |
Basic earnings per common share |  | $ | (0.07 | ) |  | $ | (0.04 | ) |  | $ | 0.02 |  |  | $ | 0.03 |
Diluted earnings per common share |  | $ | (0.07 | ) |  | $ | (0.04 | ) |  | $ | 0.02 |  |  | $ | 0.03 |