EXHIBIT 11
Statement Regarding the Computation of Earnings Per Share
For the nine month period
ending September 30
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2001 2000
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Weighted average shares outstanding: 5,436,122 5,661,063
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 5,436,122 5,661,063
Net Income $6,126,000 $6,328,000
Net Income Per Share 1.13(cent) 1.12(cent)
Fully Diluted Income Per Share 1.13(cent) 1.12(cent)
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