Exhibit 11

Computation of Earnings per Share

	Three Months Ended September 30, 2007		Nine Months Ended September 30, 2007
Income available to common stockholders	$	1,144,994	$	3,524,231
Weighted average shares outstanding		4,975,542		4,975,542
Basic earnings per share	$	0.23	$	0.71
Income for diluted earnings per share	$	1,144,994	$	3,524,231
Total weighted average common shares and equivalents outstanding for diluted computation		4,975,858		4,979,019
Diluted earnings per share	$	0.23	$	0.71