<DOCUMENT>
<TYPE>EX-11
<SEQUENCE>2
<FILENAME>k58410ex11.txt
<DESCRIPTION>STATEMENT OF COMPUTATION
<TEXT>

<PAGE>   1


EXHIBIT 11

                   STATEMENT OF COMPUTATION PER SHARE EARNINGS


RETURN ON EQUITY AND ASSETS

<TABLE>
<CAPTION>
                                                                                             1/01/00
                                                                                             TO
                                                                   ANNUALIZED                9/30/00
                                                                   ----------                -------
<S>                                                                <C>                       <C>
Return on average total assets                                     0.59%                     0.45%
Return on average equity                                           8.83%                     6.62%
Dividend Payout Ratio                                              NA                        NA
Average Equity to Average Assets                                                             6.73%
</TABLE>


STATEMENT OF COMPUTED PER SHARE EARNINGS


<TABLE>
<S>                                                                                          <C>
Net income                                                                                   $ 1,914,924

Average Shares Outstanding                                                                     2,472,500

Basic and diluted net income per share                                                       $      0.77
</TABLE>


                                       28
</TEXT>
</DOCUMENT>