EXHIBIT 11

             STATEMENT RE COMPUTATION OF EARNINGS PER COMMON SHARE


          Earnings per share are computed by dividing net income by the
weighted average number of common shares outstanding.  Earnings per share
on a fully diluted basis are computed by dividing net income by the
weighted average number of common shares outstanding and common equivalent
shares with a dilutive effect.  Common equivalent shares are shares which
may be issuable to employees upon exercise of outstanding stock options. 
Earnings and dividends per share are restated for all stock splits and
dividends paid.

          Shoreline Financial Corporation is not required to present
earnings per share on a fully diluted basis in the Consolidated Statements
of Income included in Item 8, Financial Statements and Supplementary Data, under
the provisions of Accounting Principles Board Opinion No. 15.  That Opinion
provides that any reduction of less than 3% need not be considered as
dilution.


                              1994        1993         1992
For the year ended
  December 31:
                                         
Net Income                $7,198,322  $6,537,522   $5,931,589

Weighted average number
  of common shares         4,970,952   4,914,205    4,891,935

Weighted average number
  of common equivalent
  shares                      94,001      52,255       42,727

Earnings per share             $1.45       $1.33        $1.21

Fully  diluted earnings
  per share                    $1.42       $1.31        $1.20