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                                                                    EXHIBIT 11.0

                      FIRST PATRIOT BANKSHARES CORPORATION
                       COMPUTATION OF PER SHARE EARNINGS

<TABLE>
<CAPTION>
                                                                THREE                    NINE
                                                                MONTHS                  MONTHS
                                                                 ENDED                   ENDED
                                                          SEPTEMBER 30, 1996      SEPTEMBER 30, 1996     
                                                        -------------------------------------------------
<S>                                                              <C>                    <C>
        Weighted average number of shares         
          outstanding during the period                          2,020,827               2,016,861
                                                  
        Shares issuable upon assumed exercise     
          of stock options                                          62,319                  62,553
                                                  
        Shares issuable upon assumed exercise     
          of warrants                                              153,813                 152,791
                                                  
Line A  Weighted average number of common and     
          common equivalent shares outstanding    
          during the period                                      2,236,959               2,232,205
                                                  
        Additional shares issuable upon assumed   
          exercise of stock options-assuming      
          maximum dilution                                           2,839                   1,011
                                                  
        Additional shares issuable upon assumed   
          exercise of warrants-assuming           
          maximum dilution                                           5,833                   6,855
                                                  
Line B  Fully diluted weighted average number of  
          shares outstanding during the period                   2,245,631               2,240,071       
                                                        =================================================
                                                  
Line C  Net income for the period                                 $569,303              $1,409,991       
                                                        =================================================
                                                  
        Earnings per share:                       
                                                  
        Earnings per common share and  common     
        equivalent share (Line C divided by Line A)                  $0.25                   $0.63       
                                                        =================================================
                                                  
        Earnings per common share and common      
        equivalent share=assuming full            
        dilution (Line C divided by Line B)                          $0.25                   $0.63       
                                                        =================================================
</TABLE>





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