EXHIBIT 11

COMPUTATION OF PER SHARE EARNINGS



|                                            |  |                                               |           |                           |   |           |  |      |           |  |   |          
|------------------------------------------- |  | --------------------------------------------- | --------- | ------------------------- | - | --------- |  | ---- | --------- |  | - | ---------
|                                            |  | Three Months EndedJune 30,                    |           | Six Months Ended June 30,
|                                            |  | 2007                                          |           | 2006                      |   | 2007      |  | 2006
|                                            |  | (Dollars in thousands, except per share data)
|                                            |  | (unaudited)                                  
|Net Income                                  |  | $                                             | 882       |                           | $ | 719       |  | $    | 1,689     |  | $ | 1,457    
|                                            |  |                                               |           |                           |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                                               | 2,733,071 |                           |   | 1,893,343 |  |      | 2,761,842 |  |   | 1,891,955
|                                            |  |                                               |           |                           |   |           |  |      |           |  |   |          
|Basic Earnings Per Share                    |  | $                                             | 0.32      |                           | $ | 0.38      |  | $    | 0.61      |  | $ | 0.77     
|                                            |  |                                               |           |                           |   |           |  |      |           |  |   |          
|Net Income                                  |  | $                                             | 882       |                           | $ | 719       |  | $    | 1,689     |  | $ | 1,457    
|                                            |  |                                               |           |                           |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                                               | 2,733,071 |                           |   | 1,893,343 |  |      | 2,761,842 |  |   | 1,891,955
|Net Effect of Dilutive Stock Options        |  |                                               | 8,007     |                           |   | 33,685    |  |      | 12,421    |  |   | 39,388   
|                                            |  |                                               |           |                           |   |           |  |      |           |  |   |          
|Weighted Average Diluted Shares Outstanding |  |                                               | 2,741,078 |                           |   | 1,927,028 |  |      | 2,774,263 |  |   | 1,931,343
|                                            |  |                                               |           |                           |   |           |  |      |           |  |   |          
|Diluted Earnings Per Share                  |  | $                                             | 0.32      |                           | $ | 0.37      |  | $    | 0.61      |  | $ | 0.75     
|                                            |  |                                               |           |                           |   |           |  |      |           |  |   |