OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2021 and 2020 (dollars in thousands except per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Basic earnings per share:
Net income	$	4,509	$	3,425	$	10,993	$	8,809
Weighted average common shares outstanding		13,363,515		13,470,856		13,460,418		13,459,813
Basic EPS	$	0.34	$	0.25	$	0.82	$	0.65
Diluted earnings per share:
Net income	$	4,509	$	3,425	$	10,993	$	8,809
Weighted average common shares outstanding		13,363,515		13,470,856		13,460,418		13,459,813
Effect of dilutive shares		179,634		98,670		169,870		116,579
Adjusted weighted average common shares outstanding		13,543,149		13,569,526		13,630,288		13,576,392
Diluted EPS	$	0.33	$	0.25	$	0.81	$	0.65