EXHIBIT 11
Statement Regarding the Computation of Earnings Per Share
For the six month period
ending June 30
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1998 1997
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Weighted average shares outstanding: 5,253,278 5,255,893
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 5,253,278 5,255,893
Net Income 3,674,000 3,623,000
Net Income Per Share .70(cent) .68(cent)
Fully Diluted Income Per Share .70(cent) .68(cent)
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