OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2021 and 2020 (dollars in thousands except per share amounts):

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Basic earnings per share:
Net income	$	3,306	$	2,705	$	6,484	$	5,384
Weighted average common shares outstanding		13,520,646		13,471,089		13,507,501		13,454,992
Basic EPS	$	0.24	$	0.20	$	0.48	$	0.40
Diluted earnings per share:
Net income	$	3,306	$	2,705	$	6,484	$	5,384
Weighted average common shares outstanding		13,520,646		13,471,089		13,507,501		13,454,992
Effect of dilutive shares		176,796		95,828		164,932		125,634
Adjusted weighted average common shares outstanding		13,697,442		13,566,917		13,672,433		13,580,626
Diluted EPS	$	0.24	$	0.20	$	0.47	$	0.40