EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except share data)
(Unaudited)

	Three Months Ended
	June 30,
	2010			2009
Earnings per common share — basic
Net income	$	(2,491	)	$	694
Less: CPP Preferred Dividends		237			237
Dividends paid and undistributed earnings allocated to participating securities		(22	)		3
Net Income Available to Common Shareholders	$	(2,706	)	$	454
Weighted average common shares outstanding		2,482,740			2,470,072
Earnings per common share	$	(1.09	)	$	0.18
Earnings per common share — diluted
Net income	$	(2,491	)	$	694
Less: CPP Preferred Dividends		237			237
Dividends paid and undistributed earnings allocated to participating securities		(22	)		3
Net Income Available to Common Shareholders	$	(2,706	)	$	454
Weighted average common shares outstanding — basic		2,482,740			2,470,072
Effect of dilutive securities — stock options and unvested restricted stock (1)		10,290			—
Weighted average shares outstanding — diluted		2,493,030			2,470,072
Earnings per common share	$	(1.09	)	$	0.18

(1) As of June 30, 2010, there were no potentially dilutive shares except for 10,290 unvested restricted shares which are also participating securities.