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OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2017
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 months ended March 31, 2017 and 2016 (dollars in thousands except per share amounts):

 
 
Three months ended
March 31,
 
 
 
2017
  
2016
 
Basic earnings per share:
      
Net income
 
$
2,513
  
$
1,731
 
 
        
Weighted average common shares outstanding
  
11,052,475
   
11,014,129
 
Basic EPS
 
$
0.23
  
$
0.16
 
 
        
Diluted earnings per share:
        
Net income
 
$
2,513
  
$
1,731
 
 
        
Weighted average common shares outstanding
  
11,052,475
   
11,014,129
 
Effect of dilutive shares
  
137,753
   
69,819
 
Adjusted weighted average common shares outstanding
  
11,190,228
   
11,083,948
 
Diluted EPS
 
$
0.22
  
$
0.16