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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three and nine months ended September 30, 2017 and 2016 are calculated for basic and diluted earnings per share as follows:
 
 
 
Basic
 
Diluted
 
Basic
 
Diluted
 
 
 
Three Months Ended
September 30,
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
Nine Months Ended
September 30,
 
(in thousands, except per share amounts)
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
Net income
 
$
4,720
 
$
2,543
 
$
4,720
 
$
2,543
 
$
8,553
 
$
5,014
 
$
8,553
 
$
5,014
 
Net income allocated to restricted stock
 
 
(35)
 
 
(17)
 
 
(35)
 
 
(17)
 
 
(64)
 
 
(34)
 
 
(64)
 
 
(34)
 
Net income allocated to common shares
 
$
4,685
 
$
2,526
 
$
4,685
 
$
2,526
 
$
8,489
 
$
4,980
 
$
8,489
 
$
4,980
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Weighted-Average Shares Outstanding
 
 
11,553
 
 
11,465
 
 
11,553
 
 
11,465
 
 
11,542
 
 
11,421
 
 
11,542
 
 
11,421
 
Dilutive effect of stock options and ESPP
 
 
 
 
 
 
 
 
124
 
 
160
 
 
 
 
 
 
 
 
124
 
 
131
 
Diluted Weighted-Average Shares Outstanding
 
 
 
 
 
 
 
 
11,677
 
 
11,625
 
 
 
 
 
 
 
 
11,666
 
 
11,552
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Per Share
 
$
0.41
 
$
0.22
 
$
0.40
 
$
0.22
 
$
0.74
 
$
0.44
 
$
0.73
 
$
0.43