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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 3: EARNINGS PER SHARE
 
The Corporation has granted stock compensation awards with non-forfeitable dividend rights, which are considered participating securities. Accordingly, earnings per share (“EPS”) is computed using the two-class method as required by ASC 260-10-45. Basic EPS is computed by dividing net income allocated to common stock by the weighted average number of common shares outstanding during the period, which excludes the participating securities. ESOP shares are not considered outstanding for EPS computation purposes until they are earned. The following table presents the computation of basic and diluted EPS for the periods indicated:
 
   
Three Months Ended
September 30,
    
Nine Months Ended
September 30,
  
   
2015
    
2014
    
2015
    
2014
  
   
(Unaudited; Dollar Amounts in Thousands)
  
 
Net income
  
$
1,287
    
$
1,119
    
$
4,289
    
$
3,325
  
Allocated to preferred stock
    
 
-
      
(91
)
    
 
-
      
(272
)
Allocated to participating securities
    
(9
)
    
(5
)
    
(38
)
    
(7
)
Net income allocated to common shareholders
  
$
1,278
    
$
1,023
    
$
4,251
    
$
3,046
  
                                 
Weighted average common shares outstanding, gross
    
 
2,513,696
      
 
2,427,984
      
 
2,513,696
      
 
1,836,126
  
Less:  Average participating securities
    
(18,913
)
    
(12,782
)
    
(22,304
)
    
(4,261
)
Weighted average common shares outstanding, net
    
 
2,494,783
      
 
2,415,202
      
 
2,491,392
      
 
1,831,865
  
Effect of diluted based awards
    
 
 
3,246
      
 
 
2,938
      
 
 
3,143
      
 
 
3,816
  
 
Weighted average shares and common stock equivalents
    
 
 
2,498,029
      
 
 
2,418,140
      
 
 
2,494,535
      
 
 
1,835,681
  
Basic
  
$
0.51
    
$
0.42
    
$
1.71
    
$
1.66
  
Diluted
  
$
0.51
    
$
0.42
    
$
1.70
    
$
1.66
  
 
Options excluded from the calculation due to their anti-dilutive effect on earnings per share
    
 
30,000
      
 
30,000
      
 
30,000
      
 
30,000