EXHIBIT 11.0 COMPUTATION OF PER SHARE EARNINGS Three Months Ended June 30, ------------------------------------------- 1998 1997 ------------------ ----------------- (In thousands, except per share data) Net income............................................................ $ 53 $ 61 Average shares outstanding............................................ 397 426 ----- ----- Per share amount...................................................... $0.13 $0.14 ===== ===== Net income............................................................ $ 53 $ 61 Average shares outstanding............................................ 397 426 ----- ----- Net effect of dilutive stock options based on the treasury stock method using the average market price or quarter end price, whichever is greater.................. -- -- ----- ----- Total shares outstanding................................. 397 426 ----- ----- Per share amount...................................................... $0.13 $0.14 ===== ===== 18 EXHIBIT 11.0 COMPUTATION OF PER SHARE EARNINGS Six Months Ended June 30, ------------------------------------------- 1998 1997 (In thousands, except per share data) Net income............................................................ $ 118 $ 136 Average shares outstanding............................................ 397 426 ----- ----- Per share amount...................................................... $0.30 $0.32 ===== ===== Net income............................................................ $ 118 $ 136 Average shares outstanding............................................ 397 426 ----- ----- Net effect of dilutive stock options based on the treasury stock method using the average market price or quarter end price, whichever is greater.................. -- -- ----- ----- Total shares outstanding................................. 397 426 ----- ----- Per share amount...................................................... $0.30 $0.32 ===== ===== 19