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OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019 and 2018 (dollars in thousands except per share amounts):

 
 
Three months ended
March 31,
 
 
 
2019
  
2018
 
Basic earnings per share:
      
Net income
 
$
3,985
  
$
2,733
 
 
        
Weighted average common shares outstanding
  
12,141,752
   
12,111,999
 
Basic EPS
 
$
0.33
  
$
0.23
 
 
        
Diluted earnings per share:
        
Net income
 
$
3,985
  
$
2,733
 
 
        
Weighted average common shares outstanding
  
12,141,752
   
12,111,999
 
Effect of dilutive shares
  
143,308
   
170,787
 
Adjusted weighted average common shares outstanding
  
12,285,060
   
12,282,786
 
Diluted EPS
 
$
0.32
  
$
0.22