EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2014

EARNINGS PER COMMON SHARE [Abstract]

Reconciliation of numerators and denominators of basic and diluted earnings per common share

A reconciliation of the numerators and denominators of basic and diluted earnings per common share for the three and nine month periods ended September 30, 2014 and 2013 are as follows (dollars in thousands, except per share data):

	Three Months		Three Months		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	September 30,		September 30,		September 30,		September 30,
	2014		2013		2014		2013
Net income	$	2,762	$	2,238	$	8,155	$	7,315
Dividends declared on preferred shares		---		---		---		---
Net income available to common shares	$	2,762	$	2,238	$	8,155	$	7,315
Weighted average shares outstanding, including participating stock awards - Basic		33,795,384		27,261,325		33,791,470		27,244,741
Dilutive potential common shares:
Stock options		---		---		---		---
Conversion of preferred stock		---		---		---		---
Stock warrants		---		---		---		---
Weighted average shares outstanding - Diluted		33,795,384		27,261,325		33,791,470		27,244,741
Basic earnings per common share	$	0.08	$	0.08	$	0.24	$	0.27
Diluted earnings per common share	$	0.08	$	0.08	$	0.24	$	0.27