OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2019 and 2018 (dollars in thousands except per share amounts):

	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Basic earnings per share:
Net income	$	3,406	$	3,003	$	7,391	$	5,736
Weighted average common shares outstanding		12,169,937		12,127,378		12,156,829		12,119,688
Basic EPS	$	0.28	$	0.25	$	0.61	$	0.47
Diluted earnings per share:
Net income	$	3,406	$	3,003	$	7,391	$	5,736
Weighted average common shares outstanding		12,169,937		12,127,378		12,156,829		12,119,688
Effect of dilutive shares		146,994		168,730		145,161		169,752
Adjusted weighted average common shares outstanding		12,316,931		12,296,108		12,301,990		12,289,440
Diluted EPS	$	0.28	$	0.24	$	0.60	$	0.47