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OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2018 (dollars in thousands except per share amounts):

 
 
Three months ended
September 30,
  
Nine months ended
September 30,
 
 
 
2019
  
2018
  
2019
  
2018
 
Basic earnings per share:
            
Net income
 
$
3,754
  
$
3,467
  
$
11,145
  
$
9,203
 
 
                
Weighted average common shares outstanding
  
12,167,957
   
12,127,378
   
12,159,205
   
12,122,252
 
Basic EPS
 
$
0.31
  
$
0.29
  
$
0.92
  
$
0.76
 
 
                
Diluted earnings per share:
                
Net income
 
$
3,754
  
$
3,467
  
$
11,145
  
$
9,203
 
 
                
Weighted average common shares outstanding
  
12,167,957
   
12,127,378
   
12,159,205
   
12,122,252
 
 
                
Effect of dilutive shares
  
150,056
   
179,698
   
146,810
   
173,104
 
 
                
Adjusted weighted average common shares outstanding
  
12,318,013
   
12,307,076
   
12,306,015
   
12,295,356
 
Diluted EPS
 
$
0.30
  
$
0.28
  
$
0.91
  
$
0.75