OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 and 2020 (dollars in thousands except per share amounts):

	Three months ended March 31,
	2021		2020
Basic earnings per share:
Net income	$	3,178	$	2,679
Weighted average common shares outstanding		13,495,648		13,438,895
Basic EPS	$	0.24	$	0.20
Diluted earnings per share:
Net income	$	3,178	$	2,679
Weighted average common shares outstanding		13,495,648		13,438,895
Effect of dilutive shares		152,936		155,438
Adjusted weighted average common shares outstanding		13,648,584		13,594,333
Diluted EPS	$	0.23	$	0.20