EXHIBIT 11
Statement Regarding the Computation of Earnings Per Share
For the six month period
ending June 30
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2000 1999
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Weighted average shares outstanding: 5,690,172 5,794,050
Common Stock
Common Stock Equivalents
Stock Options 0 0
Stock Awards 0 0
ESOP Shares 0 0
Total Common Stock Equivalents 0 0
Total weighted average shares outstanding 5,690,172 5,794,050
Net Income 4,078,000 3,813,000
Net Income Per Share .72(cent) .66(cent)
Fully Diluted Income Per Share .72(cent) .66(cent)
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