Exhibit 11

                   CITIZENS FIRST BANCORP, INC. AND SUBSIDIARY
                         COMPUTATION OF PER SHARE INCOME




(dollars in thousands, except per share amounts)                 For the Three Months
                                                                    Ended March 31
                                                                  1994           1993
                                                                        
Income

   Income before extraordinary credit and change
     in accounting principle                                   $ 8,739        $ 7,691
   Less:  Preferred cash dividend requirements                      42             44
1. Amount applicable to common shares - primary                $ 8,697        $ 7,647

   Income before cumulative effect of change in
     accounting principle                                      $ 8,739        $ 7,691
   Plus:  Interest on convertible debentures, net
     of federal income tax                                         208            212
2. Amount applicable to common shares - fully diluted          $ 8,947        $ 7,903

   Net income                                                  $ 8,739        $14,859
   Less:   Preferred cash dividend requirements                     42             44
3. Amount applicable to common shares - primary                $ 8,697        $14,815

   Net income                                                  $ 8,739        $14,859
   Plus:   Interest on convertible debentures, net
     of federal income tax                                         208            212
4. Amount applicable to common shares - fully diluted          $ 8,947        $15,071


Number of Shares

   Weighted average common shares issued                    50,022,844     49,968,010
   Less:   Average shares held in the treasury                 146,690        146,690
   Plus:   Average common share equivalent - primary           354,240        214,519
5. Average primary shares                                   50,230,394     50,035,839
   Plus:  Average preferred converted to common shares         591,000        613,036
          Average debentures converted to common shares      1,863,591      1,863,591
          Average common share equivalent - fully diluted          881        115,786
6. Average fully diluted shares                             52,685,866     52,628,252

Income Per Common Share

   Primary
    Income before cumulative effect of change in
      accounting principle (line 1 divided by line 5)             $.17           $.15
    Net income (line 3 divided by line 5)                          .17            .30
   Fully diluted
    Income before cumulative effect of change in
      accounting principle (line 2 divided by line 6)              .17            .15
    Net income (line 4 divided by line 6)                          .17            .29




                                       17