OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2015

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 period ended March 31, 2015 and 2014.

	Three months ended
	March 31,
	2015			2014
Basic earnings per share:
Net income	$	1,517		$	1,364
Preferred stock dividend	$	(32	)	$	(32	)
Net income available to common stockholders	$	1,485		$	1,332
Weighted average common shares outstanding		10,135,245			10,106,062
Basic EPS	$	0.15		$	0.13
Diluted earnings per share:
Net income	$	1,517		$	1,364
Preferred stock dividend	$	(32	)	$	(32	)
Net income available to common stockholders	$	1,485		$	1,332
Weighted average common shares outstanding		10,135,245			10,106,062
Effect of dilutive shares		61,596			52,882
Adjusted weighted average common shares outstanding		10,196,841			10,158,944
Diluted EPS	$	0.15		$	0.13