OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2014

The following table presents a reconciliation of basic and diluted EPS for the three-month and six-month period ended June 30, 2014 and 2013.

	Three months ended						Six months ended
	June 30,						June 30,
	2014			2013			2014			2013
Basic earnings per share:
Net income	$	1,339		$	1,442		$	2,703		$	2,805
Preferred stock dividend	$	(32	)	$	(160	)	$	(64	)	$	(372	)
Net income available to common stockholders	$	1,307		$	1,282		$	2,639		$	2,433

Weighted average common shares outstanding		9,729,443			9,701,348			9,722,758			9,695,015
Basic EPS	$	0.13		$	0.13		$	0.27		$	0.25

Diluted earnings per share:
Net income	$	1,339		$	1,442		$	2,703		$	2,805
Preferred stock dividend	$	(32	)	$	(160	)	$	(64	)	$	(372	)
Net income available to common stockholders	$	1,307		$	1,282		$	2,639		$	2,433

Weighted average common shares outstanding		9,729,443			9,701,348			9,722,758			9,695,015

Effect of dilutive shares		45,296			34,112			48,057			32,883

Adjusted weighted average common shares outstanding		9,774,739			9,735,460			9,770,815			9,727,898
Diluted EPS	$	0.13		$	0.13		$	0.27		$	0.25