OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019 (dollars in thousands except per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Basic earnings per share:
Net income	$	3,425	$	3,754	$	8,809	$	11,145
Weighted average common shares outstanding		12,827,363		12,778,125		12,816,320		12,769,373
Basic EPS	$	0.27	$	0.29	$	0.69	$	0.87
Diluted earnings per share:
Net income	$	3,425	$	3,754	$	8,809	$	11,145
Weighted average common shares outstanding		12,827,363		12,778,125		12,816,320		12,769,373
Effect of dilutive shares		93,971		157,559		111,028		154,151
Adjusted weighted average common shares outstanding		12,921,334		12,935,684		12,927,348		12,923,524
Diluted EPS	$	0.27	$	0.29	$	0.68	$	0.86