FIRST CHARTER CORPORATION                                          Exhibit 11
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (Unaudited)


                                                                 Three Months Ended    
                                                                   March 31,      March 31,  
                                                                      1996           1995     
                                                                         
  NET INCOME PER SHARE COMPUTED AS FOLLOWS:                                 
  PRIMARY:                                                                  
  1.  Net income  . . . . . . . . . . . . . . . . . . . .     $    2,165,284   $  1,901,810
  2.  Weighted average common shares outstanding  . . . .          6,266,017      6,235,837
  3.  Incremental shares under stock options                                
        computed under the treasury stock method                            
        using the average market price of issuer's                          
        stock during the periods  . . . . . . . . . . . .             43,603         35,918
  4.  Weighted average common shares and common                             
        equivalent shares outstanding   . . . . . . . . .          6,309,620      6,271,755
  5.  Net income per share  . . . . . . . . . . . . . . .    $          0.34  $        0.30
      (Item 1 Divided by Item 4)                                          

                                                                                  
  FULLY DILUTED:                                                            
  1.  Net income  . . . . . . . . . . . . . . . . . . . .    $     2,165,284  $   1,901,810
  2.  Weighted average common shares outstanding  . . . .          6,266,017      6,231,633
  3.  Incremental shares under stock options                                              
        computed under the treasury stock method                                          
        using the higher of the average or ending                                         
        market price of issuer's stock at the end                                         
        of the periods  . . . . . . . . . . . . . . . . .             43,603         41,224
  4.  Weighted average common shares and common                                           
        equivalent shares outstanding   . . . . . . . . .          6,309,620      6,272,857
  5.  Net income per share  . . . . . . . . . . . . . . .    $          0.34  $        0.30
      (Item 1 Divided by Item 4)