Exhibit 11.0



COMPUTATION OF PER SHARE EARNINGS



|                                     |  |                                 |           |                                  |   |           |  |      |           |  |   |          
|------------------------------------ |  | ------------------------------- | --------- | -------------------------------- | - | --------- |  | ---- | --------- |  | - | ---------
|                                     |  | Nine Months Ended September 30, |           | Three Months Ended September 30,
|                                     |  | 2004                            |           | 2003                             |   | 2004      |  | 2003
|Net Income                           |  | $                               | 1,681,166 |                                  | $ | 1,707,927 |  | $    | 657,084   |  | $ | 558,769  
|                                     |  |                                 |           |                                  |   |           |  |      |           |  |   |          
|Average Shares Outstanding           |  |                                 | 1,841,870 |                                  |   | 1,809,346 |  |      | 1,848,408 |  |   | 1,816,696
|                                     |  |                                 |           |                                  |   |           |  |      |           |  |   |          
|Basic Earnings Per Share             |  | $                               | .91       |                                  | $ | .94       |  | $    | .35       |  | $ | .30      
|                                     |  |                                 |           |                                  |   |           |  |      |           |  |   |          
|Net Income                           |  | $                               | 1,681,166 |                                  | $ | 1,707,927 |  | $    | 657,084   |  | $ | 558,769  
|                                     |  |                                 |           |                                  |   |           |  |      |           |  |   |          
|Average Shares Outstanding           |  |                                 | 1,841,870 |                                  |   | 1,809,346 |  |      | 1,848,408 |  |   | 1,816,696
|                                     |  |                                 |           |                                 
|Net Effect of Dilutive Stock Options |  |                                 | 80,470    |                                  |   | 91,244    |  |      | 76,886    |  |   | 94,652   
|                                     |  |                                 |           |                                  |   |           |  |      |           |  |   |          
|Adjusted Shares Outstanding          |  |                                 | 1,922,340 |                                  |   | 1,900,590 |  |      | 1,925,294 |  |   | 1,911,348
|                                     |  |                                 |           |                                  |   |           |  |      |           |  |   |          
|Diluted Earnings Per Share           |  | $                               | .87       |                                  | $ | .90       |  | $    | .34       |  | $ | .29      
|                                     |  |                                 |           |                                  |   |           |  |      |           |  |   |