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EARNINGS PER SHARE - Computation of earnings per share (Details) - Calculation of earnings per share - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Jun. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net income $ 1,985 $ 768 $ 6,290 $ 2,285
Less: Preferred stock dividends declared (40) (40) (120) (126)
Net income available to common shareholders 1,945 728 6,170 2,159
Less: Undistributed earnings allocated to participating securities (17) (8) (54) (26)
Net income allocated to common stock 1,928 720 6,116 2,133
Common shares issued 2,731 1,713 2,728 1,713
Less: Unvested restricted stock awards (24) (20) (24) (21)
Common shares outstanding used to calculate basic earnings per common share 2,707 $ 1,693 2,704 $ 1,692
Add: Dilutive effect of stock options 17 17
Common shares outstanding used to calculate diluted earnings per common share $ 2,724 $ 1,693 $ 2,721 $ 1,692
Earnings per common share (basic) $ .71 $ .43 $ 2.26 $ 1.26
Earnings per common share (diluted) $ .71 $ .43 $ 2.25 $ 1.26