. . . 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 $ 549 $ 484 ========== ========== Weighted average common share outstanding 1,911,779 1,872,674 ========== ========== Basic earnings per common share $ 0.29 $ 0.26 ========== ========== Diluted Net income $ 549 $ 484 ========== ========== Weighted average common shares outstanding for basic earnings per common share 1,911,779 1,872,674 Add: Dilutive effects of assumed exercises of stock options 54,543 15,635 ---------- ---------- Average share and dilutive potential common share 1,966,322 1,888,309 ========== ========== Diluted earnings per common share $ 0.28 $ 0.26 ========== ==========