. . . EXHIBIT 11 EARNINGS PER SHARE The factors used in the earnings per share computation follow. Basic Net income $ 327 $ 350 ========= ========= Weighted average common share outstanding 1,878,005 1,917,170 ========= ========= Basic earnings per common share $ 0.18 $ 0.19 ========= ========= Diluted Net income $ 327 $ 350 ========= ========= Weighted average common shares outstanding for basic earnings per common share 1,878,005 1,917,170 Add: Dilutive effects of assumed exercises of stock options 29,690 28,099 --------- --------- Average share and dilutive potential common share 1,907,695 1,945,269 ========= ========= Diluted earnings per common share $ 0.17 $ 0.18 ========= =========