EXHIBIT 11
STATEMENT REGARDING COMPUTATION OF
EARNINGS PER SHARE
FOR THE FISCAL YEAR
ENDED DECEMBER 31
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2000 1999 1998
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Weighted average shares outstanding ______ 5,623,137 5,782,930 5,815,246
Common stock
Common stock equivalents
Stock options _________________________ -- -- --
Stock awards __________________________ -- -- --
ESOP shares ___________________________ -- -- --
Total common stock equivalents ___________ -- -- --
Total Weighted Average Shares Outstanding_ 5,623,137 5,782,930 5,815,246
Net Income _______________________________ $8,095,000 $7,823,000 $7,725,000
Net Income Per Share _____________________ $1.44 $1.35 $1.33