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OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2012
OUTSTANDING SHARES AND EARNINGS PER SHARE [Abstract]  
Reconciliation of basic and diluted EPS
The following table presents a reconciliation of basic and diluted EPS for the three-month and nine-month periods ended September 30, 2012 and 2011.

 
Three months ended
 
 
Nine months ended
 
 
September 30,
 
 
September 30,
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
1,204
 
 
$
948
 
 
$
3,503
 
 
$
2,509
 
Preferred stock dividend and accretion
 
$
(286
)
 
$
(607
)
 
$
(857
)
 
$
(1,107
)
Net income available to common stockholders
 
$
918
 
 
$
341
 
 
$
2,646
 
 
$
1,402
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
9,201,668
 
 
 
9,161,197
 
 
 
9,198,882
 
 
 
9,156,811
 
Basic EPS
 
$
0.10
 
 
$
0.04
 
 
$
0.29
 
 
$
0.15
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
1,204
 
 
$
948
 
 
$
3,503
 
 
$
2,509
 
Preferred stock dividend and accretion
 
$
(286
)
 
$
(607
)
 
$
(857
)
 
$
(1,107
)
Net income available to common stockholders
 
$
918
 
 
$
341
 
 
$
2,646
 
 
$
1,402
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
9,201,668
 
 
 
9,161,197
 
 
 
9,198,882
 
 
 
9,156,811
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive shares
 
 
25,321
 
 
 
9
 
 
 
25,249
 
 
 
1,160
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted weighted average common shares outstanding
 
 
9,226,989
 
 
 
9,161,206
 
 
 
9,224,131
 
 
 
9,157,971
 
Diluted EPS
 
$
0.10
 
 
$
0.04
 
 
$
0.29
 
 
$
0.15