EXHIBIT 11.0 COMPUTATION OF PER SHARE EARNINGS Three Months Ended September 30, --------------------- 1998 1997 -------- -------- (In thousands, except per share data) Net income............................................ $ 44 $ 70 Average shares outstanding............................ 397 410 ----- ----- Per share amount...................................... 0.11 0.17 ===== ===== Net income............................................ 44 70 Average shares outstanding............................ 397 410 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........................ 397 410 ----- ----- Per share amount...................................... $0.11 $0.17 ===== ===== 19 EXHIBIT 11.0 COMPUTATION OF PER SHARE EARNINGS Nine Months Ended September 30, --------------------- 1998 1997 -------- -------- (In thousands, except per share data) Net income............................................ $ 162 $ 206 Average shares outstanding............................ 397 410 ----- ----- Per share amount...................................... 0.41 0.49 ===== ===== Net income............................................ 162 206 Average shares outstanding............................ 397 410 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........................ 397 410 ----- ----- Per share amount...................................... $0.41 $0.49 ===== ===== 20