. . . Exhibit 11 EARNINGS PER SHARE (Amounts in thousands, except per share data) The factors used in the earnings per share computation follow. Basic Net income $ 484 $ 327 =============== =============== Weighted average common share outstanding 1,872,674 1,878,005 =============== =============== Basic earnings per common share $ 0.26 $ 0.18 =============== =============== Diluted Net income $ 484 $ 327 =============== =============== Weighted average common shares outstanding for basic earnings per common share 1,872,674 1,878,005 Add: Dilutive effects of assumed exercises of stock options 15,635 29,690 --------------- --------------- Average share and dilutive potential common share 1,888,309 1,907,695 =============== =============== Diluted earnings per common share $ 0.26 $ 0.18 =============== ===============