EXHIBIT 11
                       COMPUTATION OF NET INCOME PER SHARE
           FOR THREE AND NINE MONTHS ENDED DECEMBER 31, 2002 AND 2001
                                   (Unaudited)
                        (In thousands, except share data)

<TABLE>
<CAPTION>
                                                      Three Months Ended                  Nine Months Ended
                                                          December 31,                       December 31,
                                                 -----------------------------       -----------------------------
                                                     2002              2001              2002               2001
                                                 -----------       -----------       -----------       -----------
<S>                                              <C>               <C>               <C>               <C>
Earnings per common share - basic
Net income                                       $       947       $     1,717       $     2,757       $     3,370
Preferred dividends                                      (49)              (49)             (148)             (148)
                                                 -----------       -----------       -----------       -----------
Net income - basic                               $       898       $     1,668       $     2,609       $     3,222
                                                 -----------       -----------       -----------       -----------

Weighted average common shares
      outstanding - basic                          2,290,354         2,282,153         2,289,786         2,281,431
                                                 -----------       -----------       -----------       -----------

Earning per common share - basic                 $      0.39       $      0.73       $      1.14       $      1.41
                                                 ===========       ===========       ===========       ===========

Earnings per common share - diluted
Net income - basic                               $       898       $     1,668       $     2,609       $     3,222
Impact of potential conversion of
     convertible preferred stock
     to common stock                                      49                49               148               148
                                                 -----------       -----------       -----------       -----------
Net income- diluted                              $       947       $     1,717       $     2,757       $     3,370
                                                 ===========       ===========       ===========       ===========

Weighted average common shares
      outstanding - basic                          2,290,354         2,282,153         2,289,786         2,281,431
Effect of dilutive securities - convertible
      preferred stock                                208,333           208,333           208,333           208,333
Effect of dilutive securities - options               18,671                --            24,068                --
                                                 -----------       -----------       -----------       -----------
Weighted average shares
      outstanding - diluted                        2,517,358         2,490,486         2,522,187         2,489,764
                                                 ===========       ===========       ===========       ===========

Earning per common share-diluted                 $      0.38       $      0.69       $      1.09       $      1.35
                                                 ===========       ===========       ===========       ===========
</TABLE>


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