**Exhibit 11**

**Summit Bancshares, Inc.** Third Quarter 2002 Earnings Per ShareCalculations

|         |    |              | **# of shares     ** | ****      | **Date**          | **# of days** |          |             |                                       |
|--------------------------------------------|----|--------------------------------------------------------------------------|-----------------------------------------------|-----------|-------------------|---------------|--------------------------------------------------|-------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                       |    |                                                                     | 1,850,492                                     |           | 12-31-01(BAL FWD) |          |                                                  |        |
|                                       | Q1 |                                                                     | 1,850,492                                     | TO        | 02/25/02          | 56.00         |                                             | 103,627,552 |                                                                                                                                                                                                                           |
|                                       |    |                                                                     | 1,854,328                                     | TO        | 03/31/02          | 34.00         |                                             | 63,047,152  |                                                                                                                                                                                                                           |
|                                       |    |                                                                     |                                               | TO        |                   | -             |                                             | -           |                                                                                                                                                                                                                           |
|                                       |    |                                                                     |                                               | TO        |                   | -             |                                             | -           |                                                                                                                                                                                                                           |
|                                       | Q2 |                                                                     | 1,854,328                                     | TO        | 06/30/02          | 91.00         |                                             | 168,743,848 |                                                                                                                                                                                                                           |
|                                       |    |                                                                     | -                                             | TO        | 01/00/00          | -             |                                             | -           |                                                                                                                                                                                                                           |
|                                       | Q3 |                                                                     | 1,854,328                                     | TO        | 09/29/02          | 91.00         |                                             | 168,743,848 |                                                                                                                                                                                                                           |
|                                       |    |                                                                     | 1,840,263                                     | TO        | 09/30/02          | 1.00          |                                             | 1,840,263   |                                                                                                                                                                                                                           |
|                                       |    |                                                                     |                                               |           |                   |               |                                             |             |                                                                                                                                                                                                                           |
|                                       |    |                                                                     |                                               |           |                   |               |                                             |             |                                                                                                                                                                                                                           |
|                                       |    |                                                                     | Q-T-D                                         |           | 92.00             |          | 170,584,111                                      |        |
|                                       |    |                                                                     | Y-T-D                                         |           | 273.00            |          | 506,002,663                                      |        |
|                                       |    |                                                                     |                                               |           |                   |               |                                             |             |                                                                                                                                                                                                                           |
|                                       |    |                                                                     | AVERAGE SHARES OUTSTANDING                    |      |                   |          |
|                                       |    |                                                                     |    FOR THE QUARTER             | 1,854,175 |              |               |                                             |
|                                       |    |                                                                     |                                               |           |                   |               |                                             |             |                                                                                                                                                                                                                           |
|                                       |    |                                                                     | AVERAGE SHARES OUTSTANDING                    |      |                   |          |
|                                       |    |                                                                     |    FOR THE YEAR                | 1,853,490 |              |               |                                             |
|                                       |    |                                                                     |                                               |           |                   |               |                                             |             |                                                                                                                                                                                                                           |
|                                       |    |                                                                     | AVERAGE PRICE FOR THE QTR                     |           |              | 15.330        |                                             |
|                                       |    |                                                                     | INCREMENTAL SHARES FOR THE YEAR               |      | 17,085            |          |

|                 |         |                   |                                                               | **OPTIONS-FULLY DILUTED** |                                                   |                   |                                                               |                 |                           |                    |
|-----------------|--------------|-------------------|--------------------------------------------------------------------|---------------------------|--------------------------------------------------------|-------------------|--------------------------------------------------------------------|----------------------|--------------------------------|-------------------------|
|            |         |              |                                                               |                           |                                                   |              |                                                               |                 |                           |                    |
|                 |         | **NO OF  SHARES** |                                                               | **AVG. PRICE  QTD**       |                                                   | **OPTION  PRICE** |                            | **# OF SHARES  QTD** |                           |                         |  |  |   |  |
|            |    |                   |                                                               |                      |                                                   |              |                                                               |                 |
| Robert Bickford |         | 5640              |             | 0.000                     |           | $14.00            |             | 489                  |       |                         |  |  |   |  |
| AT              |         | 500               |                                                               | 0.000                     |                                                   | $14.00            |                                                               | 43                   |                           |                         |  |  |   |  |
| MG              |         | 1000              |                                                               | 0.000                     |                                                   | $14.00            |                                                               | 87                   |                           |                         |  |  |   |  |
| StN             |         | 500               |                                                               | 15.920                    |                                                   | $14.00            |                                                               | 143                  |                           |                         |  |  |   |  |
| SS              |         | 1000              |                                                               | 0.000                     |                                                   | $14.00            |                                                               | 87                   |                           |                         |  |  |   |  |
| SL              |         | 1528              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 379                  |                           |                         |  |  |   |  |
| AK              |         | 1528              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 379                  |                           |                         |  |  |   |  |
| PB              |         | 1536              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 381                  |                           |                         |  |  |   |  |
| NR              |         | 1600              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 397                  |                           |                         |  |  |   |  |
| SN              |         | 1600              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 397                  |                           |                         |  |  |   |  |
| AT              |         | 1600              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 397                  |                           |                         |  |  |   |  |
| SN              |         | 6400              |                                                               | 0.000                     |                                                   | $4.44             |                                                               | 4,547                |                           |                         |  |  |   |  |
| MZ              |         | 8000              |                                                               | 0.000                     |                                                   | $4.44             |                                                               | 5,684                |                           |                         |  |  |   |  |
| DD              |         | 4000              |                                                               | 0.000                     |                                                   | $4.44             |                                                               | 2,842                |                           | INCREMENTAL SHARES - Q1 |   | 17,438 |
|                 |         |                   |                                                               |                           |                                                   |                   |                                                               |                      |                           | INCREMENTAL SHARES - Q2 |        | 17,566 |
|                 |         |                   |                                                               |                           |                                                   |                   |                                                               |                      |                           | INCREMENTAL SHARES - Q3 |   | 16,252 |
|                 |         |                   |                                                               |                           |                                                   |                   |                                                               |                      |                           | INCREMENTAL SHARES - Q4 |   |  |
|            |         |              |                                                               |                      |                                                        |              |                                                               |                 |                           |                    |   |
|                 |         |                   |                                                               |                           |                                                   | Total             |                                                               | 16,252               |                           |                         |  |  |   |  |
|            |         |              |                                                               |                      |                                                        |              |                                                               |                 |                           |                    |   |
|                 |              |                   |                                                                    |                           |                                                        |                   |                                                                    |                      |                                |                         |  |  |  |  |  |  |  |

 

|      |                                                                                   |                      |               |                           |      |               |         |   |   |
|--------------------------|--------------------------------------------------------------------------------------------------|---------------------------|--------------------|--------------------------------|-----------|--------------------------------------------------------------------------------|--------------|--------|--------|
|                     |                                                                                             |                           |                    |                                | **Basic** | ****                                                                           | **Dilutive** |        |        |
|                     |                  | TOTAL SHARES FOR QUARTER  |     |       | 1,854,175 |                                             | 1,870,427    |        |        |
|                     |                                                                                             |                           |                    |                                |           |                                                                                |              |        |        |
|                     |                                                                                             | TOTAL SHARES YEAR-TO-DATE |                    |                           | 1,853,490 |                                                                                | 1,870,575    |        |        |
|                     |                                                                                             |                           |                    |                                |           |                                                                                |              |        |        |
|                     |                                                                                             | NET INCOME FOR QUARTER    |                    |                                | $431,823  |                                                                                | $431,823     |        |        |
|                     |                                                                                             |                           |                    |                                |           |                                                                                |              |        |        |
|                     |                                                                                             | NET INCOME YEAR TO DATE,  |                    |                                | 1,210,877 |                                                                                | 1,210,877    |        |        |
|                     |                                                                                             |                           |                    |                                |           |                                                                                |              |        |        |
|                     |                                                                                             | EARNINGS PER SHARE QTD    |                    |                                | $0.23     |                                                                                | $0.23        |        |        |
|                     |                                                                                             |                           |                    |                                |           |                                                                                |              |        |        |
|                     |                                                                                             | EARNINGS PER SHARE, YTD   |                    |                                | $0.65     |                                                                                | $0.65        |        |        |
|                     |                                                                                             |                           |                    |                                |           |                                                                                |              |        |        |

 

 

 

|                 |         |                   |                                                               | **OPTIONS-FULLY DILUTED** |                                                   |                   |                                                               |                 |                           |                    |
|-----------------|--------------|-------------------|--------------------------------------------------------------------|---------------------------|--------------------------------------------------------|-------------------|--------------------------------------------------------------------|----------------------|--------------------------------|-------------------------|
|            |         |              |                                                               |                           |                                                   |              |                                                               |                 |                           |                    |
|                 |         | **NO OF  SHARES** |                                                               | **AVG. PRICE  QTD**       |                                                   | **OPTION  PRICE** |                            | **# OF SHARES  QTD** |                           |                         |  |  |   |  |
|            |    |                   |                                                               |                      |                                                   |              |                                                               |                 |
| Robert Bickford |         | 5640              |             | 0.000                     |           | $14.00            |             | 489                  |       |                         |  |  |   |  |
| AT              |         | 500               |                                                               | 0.000                     |                                                   | $14.00            |                                                               | 43                   |                           |                         |  |  |   |  |
| MG              |         | 1000              |                                                               | 0.000                     |                                                   | $14.00            |                                                               | 87                   |                           |                         |  |  |   |  |
| StN             |         | 500               |                                                               | 15.920                    |                                                   | $14.00            |                                                               | 143                  |                           |                         |  |  |   |  |
| SS              |         | 1000              |                                                               | 0.000                     |                                                   | $14.00            |                                                               | 87                   |                           |                         |  |  |   |  |
| SL              |         | 1528              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 379                  |                           |                         |  |  |   |  |
| AK              |         | 1528              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 379                  |                           |                         |  |  |   |  |
| PB              |         | 1536              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 381                  |                           |                         |  |  |   |  |
| NR              |         | 1600              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 397                  |                           |                         |  |  |   |  |
| SN              |         | 1600              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 397                  |                           |                         |  |  |   |  |
| AT              |         | 1600              |                                                               | 0.000                     |                                                   | $11.53            |                                                               | 397                  |                           |                         |  |  |   |  |
| SN              |         | 6400              |                                                               | 0.000                     |                                                   | $4.44             |                                                               | 4,547                |                           |                         |  |  |   |  |
| MZ              |         | 8000              |                                                               | 0.000                     |                                                   | $4.44             |                                                               | 5,684                |                           |                         |  |  |   |  |
| DD              |         | 4000              |                                                               | 0.000                     |                                                   | $4.44             |                                                               | 2,842                |                           | INCREMENTAL SHARES - Q1 |   | 17,438 |
|                 |         |                   |                                                               |                           |                                                   |                   |                                                               |                      |                           | INCREMENTAL SHARES - Q2 |        | 17,566 |
|                 |         |                   |                                                               |                           |                                                   |                   |                                                               |                      |                           | INCREMENTAL SHARES - Q3 |   | 16,252 |
|                 |         |                   |                                                               |                           |                                                   |                   |                                                               |                      |                           | INCREMENTAL SHARES - Q4 |   |  |
|            |         |              |                                                               |                      |                                                        |              |                                                               |                 |                           |                    |   |
|                 |         |                   |                                                               |                           |                                                   | Total             |                                                               | 16,252               |                           |                         |  |  |   |  |
|            |         |              |                                                               |                      |                                                        |              |                                                               |                 |                           |                    |   |
|                 |              |                   |                                                                    |                           |                                                        |                   |                                                                    |                      |                                |                         |  |  |  |  |  |  |  |