OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2020

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, 2020 and 2019 (dollars in thousands except per share amounts):

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Basic earnings per share:
Net income	$	2,705	$	3,406	$	5,384	$	7,391
Weighted average common shares outstanding		12,827,596		12,780,205		12,811,499		12,767,097
Basic EPS	$	0.21	$	0.27	$	0.42	$	0.58
Diluted earnings per share:
Net income	$	2,705	$	3,406	$	5,384	$	7,391
Weighted average common shares outstanding		12,827,596		12,780,205		12,811,499		12,767,097
Effect of dilutive shares		91,265		154,344		119,651		152,419
Adjusted weighted average common shares outstanding		12,918,861		12,934,549		12,931,150		12,919,516
Diluted EPS	$	0.21	$	0.26	$	0.42	$	0.57