EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Computation of earnings per share

Periods ended March 31, (in thousands, except per share data)		2015			2014
Net income	$	2,234		$	551
Less: Preferred stock dividends declared		(40	)		(46	)
Net income available to common shareholders		2,194			505
Less: Undistributed earnings allocated to participating securities		(19	)		(6	)
Net income allocated to common stock	$	2,175		$	499
Common shares issued		2,723			1,712
Less: Unvested restricted stock awards		(24	)		(21	)
Common shares outstanding used to calculate basic earnings per common share		2,699			1,691
Add: Dilutive effect of stock options		17			—
Common shares outstanding used to calculate diluted earnings per common share		2,716			1,691
Earnings per common share (basic)	$	0.81		$	0.29
Earnings per common share (diluted)	$	0.80		$	0.29