<PAGE> 1
EXHIBIT 11
STATEMENT OF COMPUTATION PER SHARE EARNINGS
RETURN ON EQUITY AND ASSETS
<TABLE>
<CAPTION>
1/01/00
TO
ANNUALIZED 9/30/00
---------- -------
<S> <C> <C>
Return on average total assets 0.59% 0.45%
Return on average equity 8.83% 6.62%
Dividend Payout Ratio NA NA
Average Equity to Average Assets 6.73%
</TABLE>
STATEMENT OF COMPUTED PER SHARE EARNINGS
<TABLE>
<S> <C>
Net income $ 1,914,924
Average Shares Outstanding 2,472,500
Basic and diluted net income per share $ 0.77
</TABLE>
28