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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Schedule of earnings per share computed based upon the weighted average common shares outstanding
 
   
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