OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

OUTSTANDING SHARES AND EARNINGS PER SHARE [Abstract]

Earnings Per Share

The following table presents a reconciliation of basic and diluted EPS for the three-month period ended March 31, 2014 and 2013.

	Three months ended
	March 31,
	2014			2013
Basic earnings per share:
Net income	$	1,364		$	1,363
Preferred stock dividend	$	(32	)	$	(212	)
Net income available to common stockholders	$	1,332		$	1,151
Weighted average common shares outstanding		9,716,072			9,688,681
Basic EPS	$	0.14		$	0.12
Diluted earnings per share:
Net income	$	1,364		$	1,363
Preferred stock dividend	$	(32	)	$	(212	)
Net income available to common stockholders	$	1,332		$	1,151
Weighted average common shares outstanding		9,716,072			9,688,681
Effect of dilutive shares		50,848			31,640
Adjusted weighted average common shares outstanding		9,766,920			9,720,321
Diluted EPS	$	0.14		$	0.12