OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2013

The following table presents a reconciliation of basic and diluted EPS for the three-month and nine-month periods ended September 30, 2013 and 2012.

($ in thousands)	Three months ended						Nine months ended
	September 30,						September 30,
	2013			2012			2013			2012
Basic earnings per share:
Net income	$	1,373		$	1,204		$	4,178		$	3,503
Preferred stock dividend	$	(162	)	$	(286	)	$	(534	)	$	(857	)
Net income available to common shareholders	$	1,211		$	918		$	3,644		$	2,646

Weighted average common shares outstanding		9,418,268			9,385,824			9,413,212			9,383,038
Basic EPS	$	0.13		$	0.10		$	0.39		$	0.28

Diluted earnings per share:
Net income	$	1,373		$	1,204		$	4,178		$	3,503
Preferred stock dividend	$	(162	)	$	(286	)	$	(534	)	$	(857	)
Net income available to common shareholders	$	1,211		$	918		$	3,644		$	2,646

Weighted average common shares outstanding		9,418,268			9,385,824			9,413,212			9,383,038

Effect of dilutive shares		37,730			25,827			33,881			25,754

Adjusted weighted average common shares outstanding		9,455,998			9,411,651			9,447,093			9,408,792
Diluted EPS	$	0.13		$	0.10		$	0.39		$	0.28