Exhibit 11

COMPUTATION OF PER SHARE EARNINGS



|                                            |  |                                               |           |                                               |   |           |  |      |           |  |   |          
|------------------------------------------- |  | --------------------------------------------- | --------- | --------------------------------------------- | - | --------- |  | ---- | --------- |  | - | ---------
|                                            |  | Three Months Ended June 30,                   |           | Six Months Ended June 30,                    
|                                            |  | 2009                                          |           | 2008                                          |   | 2009      |  | 2008
|                                            |  | (Dollars in thousands, except per share data) |           | (Dollars in thousands, except per share data)
|                                            |  | (unaudited)                                   |           | (unaudited)                                  
|Net Income                                  |  | $                                             | 666       |                                               | $ | 1,016     |  | $    | 1,591     |  | $ | 1,926    
|                                            |  |                                               |           |                                               |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                                               | 2,667,204 |                                               |   | 2,663,448 |  |      | 2,665,384 |  |   | 2,658,261
|                                            |  |                                               |           |                                               |   |           |  |      |           |  |   |          
|Basic Earnings Per Share                    |  | $                                             | 0.25      |                                               | $ | 0.38      |  | $    | 0.60      |  | $ | 0.72     
|                                            |  |                                               |           |                                               |   |           |  |      |           |  |   |          
|Net Income                                  |  | $                                             | 666       |                                               | $ | 1,016     |  | $    | 1,591     |  | $ | 1,926    
|                                            |  |                                               |           |                                               |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                                               | 2,667,204 |                                               |   | 2,663,448 |  |      | 2,665,384 |  |   | 2,658,261
|Net Effect of Dilutive Stock Options        |  |                                               | 1,828     |                                               |   | 3,566     |  |      | 1,025     |  |   | 3,774    
|                                            |  |                                               |           |                                               |   |           |  |      |           |  |   |          
|Weighted Average Diluted Shares Outstanding |  |                                               | 2,669,032 |                                               |   | 2,667,014 |  |      | 2,666,409 |  |   | 2,662,035
|                                            |  |                                               |           |                                               |   |           |  |      |           |  |   |          
|Diluted Earnings Per Share                  |  | $                                             | 0.25      |                                               | $ | 0.38      |  | $    | 0.60      |  | $ | 0.72     
|                                            |  |                                               |           |                                               |   |           |  |      |           |  |   |