OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2017 and 2016 (dollars in thousands except per share amounts):

	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Basic earnings per share:
Net income	$	2,548	$	2,035	$	5,061	$	3,766
Weighted average common shares outstanding		11,064,306		11,032,697		11,059,122		11,025,961
Basic EPS	$	0.23	$	0.18	$	0.46	$	0.34
Diluted earnings per share:
Net income	$	2,548	$	2,035	$	5,061	$	3,766
Weighted average common shares outstanding		11,064,306		11,032,697		11,059,122		11,025,961
Effect of dilutive shares		139,053		70,306		138,407		70,063
Adjusted weighted average common shares outstanding		11,203,359		11,103,003		11,197,529		11,096,024
Diluted EPS	$	0.23	$	0.18	$	0.45	$	0.34