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**EXHIBIT        11**

**COMPUTATION        OF EARNINGS PER SHARE**

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

**(Unaudited)**

|                                                                                                          |   | **Three                  Months Ended** |      |   | **Six                  Months Ended** |   |
|---------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|-----------|--------|---------------------------------------|--------|
|                                                                                                          |   | **September                  30,**      |      |   | **September                  30,**    |   |
|                                                                                                          |   | **2007**                                |      |   | **2006**                              |   |   | **2007** |   |   | **2006** |   |
| **Earnings                  (loss) per common share - basic**                                                 |   |                                    |      |   |                                  |   |   |   |   |   |   |   |
| Net                  income (loss)                                                                            |   | $                                       | 764       |   |                                  | $      | (904 | ) |   | $ | 1,907 |   |   | $ | (102 | ) |
|                                                                                                          |   |                                    |      |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                  average common shares outstanding                                                   |   |                                    | 2,490,045 |   |                                  |   | 2,509,088 |   |   |   | 2,497,666 |   |   |   | 2,507,466 |   |
|                                                                                                          |   |                                    |      |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Earning                  (loss) per common share                                                              |   | $                                       | 0.31      |   |                                  | $      | (0.36 | ) |   | $ | 0.76 |   |   | $ | (0.04 | ) |
|                                                                                                          |   |                                    |      |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |                                    |      |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                  (loss) per common share – diluted**                                         |   |                                    |      |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income (loss)                                                                            |   | $                                       | 764       |   |                                  | $      | (904 | ) |   | $ | 1,907 |   |   | $ | (102 | ) |
|                                                                                                          |   |                                    |      |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                  average common shares outstanding – basic                                     |   |                                    | 2,490,045 |   |                                  |   | 2,509,088 |   |   |   | 2,497,666 |   |   |   | 2,507,466 |   |
| Effect                  of dilutive securities - stock options and unvested restricted                  stock |   |                                    | 69,462    |   |                                  |   | 60,914 |   |   |   | 72,104 |   |   |   | 61,503 |   |
| Weighted                  average shares outstanding – diluted                                          |   |                                    | 2,559,507 |   |                                  |   | 2,570,002 |   |   |   | 2,569,770 |   |   |   | 2,568,969 |   |
|                                                                                                          |   |                                    |      |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Earning                  (loss) per common share                                                              |   | $                                       | 0.30      |   |                                  | $      | (0.36 | ) |   | $ | 0.74 |   |   | $ | (0.04 | ) |

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