EXHIBIT 11

COMPUTATION OF PER SHARE EARNINGS



|                                            |  |                             |           |                           |   |           |  |      |           |  |   |          
|------------------------------------------- |  | --------------------------- | --------- | ------------------------- | - | --------- |  | ---- | --------- |  | - | ---------
|                                            |  | Three Months Ended June 30, |           | Six Months Ended June 30,
|                                            |  | 2006                        |           | 2005                      |   | 2006      |  | 2005
|                                            |  | (in thousands)              |           | (in thousands)           
|Net Income                                  |  | $                           | 719       |                           | $ | 575       |  | $    | 1,457     |  | $ | 1,210    
|                                            |  |                             |           |                           |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                             | 1,893,343 |                           |   | 1,868,142 |  |      | 1,891,955 |  |   | 1,867,630
|                                            |  |                             |           |                           |   |           |  |      |           |  |   |          
|Basic Earnings Per Share                    |  | $                           | 0.38      |                           | $ | 0.31      |  | $    | 0.77      |  | $ | 0.65     
|                                            |  |                             |           |                           |   |           |  |      |           |  |   |          
|Net Income                                  |  | $                           | 719       |                           | $ | 575       |  | $    | 1,457     |  | $ | 1,210    
|                                            |  |                             |           |                           |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                             | 1,893,343 |                           |   | 1,868,142 |  |      | 1,891,955 |  |   | 1,867,630
|Net Effect of Dilutive Stock Options        |  |                             | 33,685    |                           |   | 64,159    |  |      | 39,388    |  |   | 64,403   
|                                            |  |                             |           |                           |   |           |  |      |           |  |   |          
|Weighted Average Diluted Shares Outstanding |  |                             | 1,927,028 |                           |   | 1,932,301 |  |      | 1,931,343 |  |   | 1,932,033
|                                            |  |                             |           |                           |   |           |  |      |           |  |   |          
|Diluted Earnings Per Share                  |  | $                           | 0.37      |                           | $ | 0.30      |  | $    | 0.75      |  | $ | 0.63     
|                                            |  |                             |           |                           |   |           |  |      |           |  |   |