OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

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 and six months ended June 30, 2016 and 2015 (dollars in thousands except per share amounts):

	Three months ended June 30,					Six months ended June 30,
	2016		2015			2016		2015
Basic earnings per share:
Net income	$	2,035	$	1,770		$	3,766	$	3,287
Preferred stock dividend	$	—	$	(32	)	$	—	$	(64	)
Net income available to common stockholders	$	2,035	$	1,738		$	3,766	$	3,223
Weighted average common shares outstanding		10,607,758		10,577,895			10,601,022		10,560,197
Basic EPS	$	0.19	$	0.16		$	0.36	$	0.31
Diluted earnings per share:
Net income	$	2,035	$	1,770		$	3,766	$	3,287
Preferred stock dividend	$	—	$	(32	)	$	—	$	(64	)
Net income available to common stockholders	$	2,035	$	1,738		$	3,766	$	3,223
Weighted average common shares outstanding		10,607,758		10,577,895			10,601,022		10,560,197
Effect of dilutive shares		67,602		52,332			67,368		58,164
Adjusted weighted average common shares outstanding		10,675,360		10,630,227			10,668,390		10,618,361
Diluted EPS	$	0.19	$	0.16		$	0.35	$	0.30