Exhibit 11

Computation of Earnings per Share

	Three Months Ended June 30, 2008		Six Months Ended June 30, 2008
Income available to common stockholders	$	963,098	$	1,972,697
Weighted average shares outstanding		4,975,542		4,975,542
Basic earnings per share	$	0.20	$	0.40
Income for diluted earnings per share	$	963,098	$	1,972,697
Total weighted average common shares and equivalents outstanding for diluted computation		4,975,542		4,975,542
Diluted earnings per share	$	0.20	$	0.40