EXHIBIT 11.0 - Computation of Earnings Per Share



 
                                          Three Months  Nine Months
                                             Ended         Ended
                                            9/30/98       9/30/98
                                           ----------    ----------
                                                   
                                                      
     Net income                            $1,065,741    $3,300,432
                                           ==========    ==========
                                                      
     Common stock (Weighted Average)        2,470,612     2,467,302
                                           ==========    ==========
                                                      
     Basic earnings per share              $     0.43    $     1.34
                                           ==========    ==========
                                                      
                                                      
     Common stock                           2,470,612     2,467,302
                                                      
     Common stock equivalents using                   
        the treasury stock method             167,841       168,356
                                           ----------    ----------
     Total common stock and commonfor                 
        stock equivalentstation             2,638,453     2,635,658
                                           ==========    ==========
                                                      
     Diluted earnings per share            $     0.40    $     1.25
                                           ==========    ==========