EX-11 2 june302017exhibit11.htm EXHIBIT 11
EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(Unaudited)

|  | Three Months Ended June 30,
$ in thousands except per share data |  | 2017 |  | 2016 Restated (1)
Earnings (loss) per common share |  |  |  |
Net (loss) income |  | $ | (611 | ) |  | $ | 325 |
Less: Participated securities share of undistributed earnings |  | — |  |  | 195 |
Net (loss) income available to common shareholders of Carver Bancorp, Inc. |  | $ | (611 | ) |  | $ | 130 |
Weighted average common shares outstanding - basic |  | 3,696,420 |  |  | 3,696,420 |
Effect of dilutive MRP shares |  | — |  |  | 4,000 |
Weighted average common shares outstanding - diluted |  | 3,696,420 |  |  | 3,700,420 |
Basic (loss) earnings per common share |  | $ | (0.17 | ) |  | $ | 0.04 |
Diluted (loss) earnings per common share |  | $ | (0.17 | ) |  | $ | 0.04 |

(1) June 30, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Note 1 for further detail.