EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2015

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



	2015		2014	2013
Net income	$	11,474	9,869	8,780

Weighted average number of shares outstanding used in the calculation of basic earnings per common share	9,704,965		9,297,019	7,852,514

Add dilutive effect of:
Stock options	17,174		18,545	23,456
Stock warrants	89,328		90,782	107,027
Restricted shares	9		—	—

Adjusted weighted average number of shares outstanding used in the calculation of diluted earnings per common share	9,811,476		9,406,346	7,982,997

Earnings per common share:
Basic	$	1.18	1.06	1.12
Diluted	1.17		1.05	1.10