EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

EARNINGS PER SHARE

Calculation Methods of Earnings Per Share

	Income		Shares	Per Share
(Dollars in thousands, except share and per share data)	(Numerator)		(Denominator)	Amount
Year Ended December 31, 2019:
Shares Outstanding (weighted average)			9,349,907
Shares held by Rabbi Trust			88,901
Shares liability under deferred compensation agreement			(88,901)
Basic earnings per share:
Net earnings applicable to common stockholders	$	22,543	9,349,907	$	2.41
Effect of dilutive securities:
Unexercised stock awards		-	31,670
Diluted earnings per share:
Net income applicable to common stockholders and assumed conversions	$	22,543	9,381,577	$	2.40
Year Ended December 31, 2018:
Shares Outstanding (weighted average)			7,874,676
Shares held by Rabbi Trust			99,029
Share liability under deferred compensation agreement			(99,029)
Basic earnings per share:
Net earnings applicable to common stockholders	$	9,923	7,874,676	$	1.26
Effect of dilutive securities:
Unexercised stock awards		-	46,593
Diluted earnings per share:
Net income applicable to common stockholders and assumed conversions	$	9,923	7,921,269	$	1.25