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**EXHIBIT        11**

**COMPUTATION        OF EARNINGS PER SHARE**

**(In        thousands, except share data)**

**(Unaudited)**

|                                                                                                                    |   | **Three                  Months Ended****June                  30,** |                         |
|-------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|------------------------------|
|                                                                                                                    |   | **2007**                                                             |                         |   | **2006** |   |
| **Earnings                  per common share – basic:**                                                           |   |                                                                 |                         |   |   |   |
|                                                                                                                    |   |                                                                 |                         |   |   |   |
| Net                  income                                                                                             |   | $                                                                    | 1,143                        |   |   | $ | 802 |   |
|                                                                                                                    |   |                                                                 |                         |   |   |   |   |   |
| Weighted                  average common shares outstanding – basic                                               |   |                                                                 | 2,505,371                    |   |   |   | 2,505,825 |   |
|                                                                                                                    |   |                                                                 |                    |   |   |   |                    |   |
| Earnings                  per common share **–** basic                                                       |   | $                                                                    | 0.46                         |   |   | $ | 0.32 |   |
|                                                                                                                    |   |                                                                 |                         |   |   |   |   |   |
|                                                                                                                    |   |                                                                 |                         |   |   |   |   |   |
| **Earnings                  per common share – diluted:**                                                         |   |                                                                 |                         |   |   |   |   |   |
|                                                                                                                    |   |                                                                 |                         |   |   |   |   |   |
| Net                  income                                                                                             |   | $                                                                    | 1,143                        |   |   | $ | 802 |   |
|                                                                                                                    |   |                                                                 |                         |   |   |   |   |   |
| Weighted                  average common shares outstanding – basic                                               |   |                                                                 | 2,505,371                    |   |   |   | 2,505,825 |   |
|                                                                                                                    |   |                                                                 |                         |   |   |   |   |   |
| Effect                  of dilutive securities **–** stock options and unvested                  restricted stock |   |                                                                 | 75,794                       |   |   |   | 79,554 |   |
|                                                                                                                    |   |                                                                 |                         |   |   |   |   |   |
| Weighted                  average shares outstanding – diluted                                                    |   |                                                                 | 2,581,165                    |   |   |   | 2,585,379 |   |
|                                                                                                                    |   |                                                                 |                    |   |   |   |                    |   |
| Earnings                  per common share **–** diluted                                                          |   | $                                                                    | 0.44                         |   |   | $ | 0.31 |   |

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