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OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2018
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, 2018 and 2017 (dollars in thousands except per share amounts):

 
 
Three months ended
June 30,
  
Six months ended
June 30,
 
 
 
2018
  
2017
  
2018
  
2017
 
Basic earnings per share:
            
Net income
 
$
3,003
  
$
2,548
  
$
5,736
  
$
5,061
 
 
                
Weighted average common shares outstanding
  
11,548,148
   
11,507,913
   
11,540,458
   
11,502,729
 
Basic EPS
 
$
0.26
  
$
0.22
  
$
0.50
  
$
0.44
 
 
                
Diluted earnings per share:
                
Net income
 
$
3,003
  
$
2,548
  
$
5,736
  
$
5,061
 
 
                
Weighted average common shares outstanding
  
11,548,148
   
11,507,913
   
11,540,458
   
11,502,729
 
 
                
Effect of dilutive shares
  
160,695
   
144,615
   
161,669
   
143,943
 
 
                
Adjusted weighted average common shares outstanding
  
11,708,843
   
11,652,528
   
11,702,127
   
11,646,672
 
Diluted EPS
 
$
0.26
  
$
0.22
  
$
0.49
  
$
0.43