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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2014
EARNINGS PER SHARE  
Tabular disclosure of calculation of both basic and diluted earnings per common share [Table Text Block]
The following table shows the calculation of both basic and diluted earnings per common share for the years ended December 31, 2014, 2013 and 2012:
 
 
 
For the Year Ended December 31,
 
(in thousands, except share data)
 
2014
 
2013
 
2012
 
Net income (loss)
 
$
13,420
 
$
6,382
 
$
(13,711)
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted-average number of common shares outstanding
 
 
16,472,660
 
 
16,458,353
 
 
16,442,160
 
Plus: common share equivalents
 
 
211
 
 
-
 
 
-
 
Diluted weighted-average number of common shares outstanding
 
 
16,472,871
 
 
16,458,353
 
 
16,442,160
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) per common share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.81
 
$
0.39
 
$
(0.83)
 
Diluted
 
$
0.81
 
$
0.39
 
$
(0.83)