EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2014

Earnings per share for the years ended December 31 were calculated as follows (in thousands, except share and per share data):



	2014		2013	2012
Net income	$	9,869	8,780	8,270

Weighted average number of shares outstanding used in the calculation of basic earnings per common share	9,297,019		7,852,514	6,717,357

Add dilutive effect of:
Stock options	18,545		23,456	19,205
Stock warrants	90,782		107,027	65,913

Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share	9,406,346		7,982,997	6,802,475

Earnings per common share:
Basic	$	1.06	1.12	1.23
Diluted	1.05		1.10	1.22