| **EXHIBIT                  11**                          |
|----------------------------------------------------------|
|                                                     |
| **COMPUTATION                  OF NET INCOME PER SHARE** |
| **(In                  thousands, except share data)**   |
| **(Unaudited)**                                          |

|                                                         |   | **Three                  Months Ended** |                               | **Six                  Months Ended** |
|--------------------------------------------------------------|--------|-----------------------------------------|------------------------------------|---------------------------------------|
|                                                         |   | **September                  30,**      | **September                  30,** |
|                                                         |   | **2006**                                |                               | **2005**                              |   | **2006** |   | **2005** |
| Earnings                  (loss) per common share - basic    |   |                                    |                               |                                  |   |   |   |   |
| Net                  income (loss)                           |   | $                  (904                 | )                             | $                  601                |   | $                  (102 | )  | $                  1,442 |
|                                                         |   |                                    |                               |                                  |   |   |   |   |
| Weighted                  average common shares              |   |                                    |                               |                                  |   |   |   |   |
| outstanding                  - basic                         |   | 2,509,088                               |                               | 2,510,477                             | 2,507,466 |   | 2,505,469 |
|                                                         |   |                                    |                               |                                  |   |   |   |   |
| Earning                  (loss) per common share - basic     |   | $                  (0.36                | )                             | $                  0.24               |   | $                  (0.04 | )  | $                  0.58 |
|                                                         |   |                                    |                               |                                  |   |   |   |   |
|                                                         |   |                                    |                               |                                  |   |   |   |   |
| Earnings                  (loss) per common share - diluted  |   |                                    |                               |                                  |   |   |   |
| Net                  (loss) income - basic and diluted       |   | $                  (904                 | )                             | $                  601                |   | $                  (102 | )  | $                  1,442 |
|                                                         |   |                                    |                               |                                  |   |   |   |   |
| Weighted                  average common shares              |   |                                    |                               |                                  |   |   |   |   |
| outstanding                  - basic                         |   | 2,509,088                               |                               | 2,510,477                             | 2,507,466 |   | 2,505,469 |
| Effect                  of dilutive securities - convertible |   |                                    |                               |                                  |   |   |   |   |
| preferred                  stock                             |   | -                                       |                               | -                                     | - |   | - |
| Effect                  of dilutive securities - options     |   | 60,914                                  |                               | 62,679                                |   | 61,503 |   | 65,070 |
| Weighted                  average shares                     |   |                                    |                               |                                  |   |   |   |   |
| outstanding                  - diluted                       |   | 2,570,002                               |                               | 2,573,156                             | 2,568,969 |   | 2,570,539 |
|                                                         |   |                                    |                               |                                  |   |   |   |   |
| Earning                  (loss) per common share-diluted     |   | $                  (0.36                | )                             | $                  0.23               |   | $                  (0.04 | )  | $                  0.56 |