EXHIBIT 11



Computation of Per Share Earnings



|                                     |  |                                  |           |                                 |   |           |  |      |           |  |   |          
|------------------------------------ |  | -------------------------------- | --------- | ------------------------------- | - | --------- |  | ---- | --------- |  | - | ---------
|                                     |  | Three Months Ended September 30, |           | Nine Months Ended September 30,
|                                     |  | 2005                             |           | 2004                            |   | 2005      |  | 2004
|Net Income                           |  | $                                | 443,388   |                                 | $ | 657,084   |  | $    | 1,653,550 |  | $ | 1,681,166
|                                     |  |                                  |           |                                 |   |           |  |      |           |  |   |          
|Average Shares Outstanding           |  |                                  | 1,876,941 |                                 |   | 1,848,408 |  |      | 1,870,768 |  |   | 1,841,870
|                                     |  |                                  |           |                                 |   |           |  |      |           |  |   |          
|Basic Earnings Per Share             |  | $                                | 0.24      |                                 | $ | 0.35      |  | $    | 0.88      |  | $ | 0.91     
|                                     |  |                                  |           |                                 |   |           |  |      |           |  |   |          
|Net Income                           |  | $                                | 443,388   |                                 | $ | 657,084   |  | $    | 1,653,550 |  | $ | 1,681,166
|                                     |  |                                  |           |                                 |   |           |  |      |           |  |   |          
|Average Shares Outstanding           |  |                                  | 1,876,941 |                                 |   | 1,848,408 |  |      | 1,870,768 |  |   | 1,841,870
|Net Effect of Dilutive Stock Options |  |                                  | 56,153    |                                 |   | 76,886    |  |      | 61,603    |  |   | 80,470   
|                                     |  |                                  |           |                                 |   |           |  |      |           |  |   |          
|Average Diluted Shares Outstanding   |  |                                  | 1,933,094 |                                 |   | 1,925,294 |  |      | 1,932,371 |  |   | 1,922,340
|                                     |  |                                  |           |                                 |   |           |  |      |           |  |   |          
|Diluted Earnings Per Share           |  | $                                | 0.23      |                                 | $ | 0.34      |  | $    | 0.86      |  | $ | 0.87     
|                                     |  |                                  |           |                                 |   |           |  |      |           |  |   |