EXHIBIT 11

COMPUTATION OF PER SHARE EARNINGS



|                                            |  |                                               |           |                                |   |           |  |      |           |  |   |          
|------------------------------------------- |  | --------------------------------------------- | --------- | ------------------------------ | - | --------- |  | ---- | --------- |  | - | ---------
|                                            |  | Three Months EndedSeptember 30,               |           | Nine Months EndedSeptember 30,
|                                            |  | 2007                                          |           | 2006                           |   | 2007      |  | 2006
|                                            |  | (Dollars in thousands, except per share data)
|                                            |  | (unaudited)                                  
|Net Income                                  |  | $                                             | 921       |                                | $ | 760       |  | $    | 2,610     |  | $ | 2,217    
|                                            |  |                                               |           |                                |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                                               | 2,748,336 |                                |   | 2,558,642 |  |      | 2,755,340 |  |   | 2,116,626
|                                            |  |                                               |           |                                |   |           |  |      |           |  |   |          
|Basic Earnings Per Share                    |  | $                                             | 0.34      |                                | $ | 0.30      |  | $    | 0.95      |  | $ | 1.05     
|                                            |  |                                               |           |                                |   |           |  |      |           |  |   |          
|Net Income                                  |  | $                                             | 921       |                                | $ | 760       |  | $    | 2,610     |  | $ | 2,217    
|                                            |  |                                               |           |                                |   |           |  |      |           |  |   |          
|Weighted Average Shares Outstanding         |  |                                               | 2,748,336 |                                |   | 2,558,642 |  |      | 2,755,340 |  |   | 2,116,626
|Net Effect of Dilutive Stock Options        |  |                                               | 16,021    |                                |   | 33,544    |  |      | 15,372    |  |   | 37,502   
|                                            |  |                                               |           |                                |   |           |  |      |           |  |   |          
|Weighted Average Diluted Shares Outstanding |  |                                               | 2,764,357 |                                |   | 2,592,186 |  |      | 2,770,712 |  |   | 2,154,128
|                                            |  |                                               |           |                                |   |           |  |      |           |  |   |          
|Diluted Earnings Per Share                  |  | $                                             | 0.33      |                                | $ | 0.29      |  | $    | 0.94      |  | $ | 1.03     
|                                            |  |                                               |           |                                |   |           |  |      |           |  |   |