EXHIBIT 11

COMPUTATION OF PER SHARE EARNINGS



|                                            |  |                                              |           |                                              |   |           |  |      |           |  |   |          
|------------------------------------------- |  | -------------------------------------------- | --------- | -------------------------------------------- | - | --------- |  | ---- | --------- |  | - | ---------
|                                            |  | Three Months Ended June 30,                  |           | Six Months Ended June 30,                   
|                                            |  | 2008                                         |           | 2007                                         |   | 2008      |  | 2007
|                                            |  | (Dollars in thousands, exceptper share data) |           | (Dollars in thousands, exceptper share data)
|                                            |  | (unaudited)                                  |           | (unaudited)                                 
|Net Income                                  |  | $                                            | 1,016     |                                              | $ | 882       |  | $    | 1,926     |  | $ | 1,689    
|                                            |  |                                              |           |                                              |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                                              | 2,663,448 |                                              |   | 2,773,071 |  |      | 2,658,261 |  |   | 2,761,842
|                                            |  |                                              |           |                                              |   |           |  |      |           |  |   |          
|Basic Earnings Per Share                    |  | $                                            | 0.38      |                                              | $ | 0.32      |  | $    | 0.72      |  | $ | 0.61     
|                                            |  |                                              |           |                                              |   |           |  |      |           |  |   |          
|Net Income                                  |  | $                                            | 1,016     |                                              | $ | 882       |  | $    | 1,926     |  | $ | 1,689    
|                                            |  |                                              |           |                                              |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                                              | 2,663,448 |                                              |   | 2,773,071 |  |      | 2,658,261 |  |   | 2,761,842
|Net Effect of Dilutive Stock Options        |  |                                              | 3,566     |                                              |   | -31,993   |  |      | 3,774     |  |   | 12,421   
|                                            |  |                                              |           |                                              |   |           |  |      |           |  |   |          
|Weighted Average Diluted Shares Outstanding |  |                                              | 2,667,014 |                                              |   | 2,741,078 |  |      | 2,662,035 |  |   | 2,774,263
|                                            |  |                                              |           |                                              |   |           |  |      |           |  |   |          
|Diluted Earnings Per Share                  |  | $                                            | 0.38      |                                              | $ | 0.32      |  | $    | 0.72      |  | $ | 0.61     
|                                            |  |                                              |           |                                              |   |           |  |      |           |  |   |