OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022 and 2021 (dollars in thousands except per share amounts):

	Three months ended March 31,
	2022		2021
Basic earnings per share:
Net income	$	3,041	$	3,178
Weighted average common shares outstanding		13,682,699		14,150,388
Basic EPS	$	0.22	$	0.22
Diluted earnings per share:
Net income	$	3,041	$	3,178
Weighted average common shares outstanding		13,682,699		14,150,388
Effect of dilutive shares		174,543		160,583
Adjusted weighted average common shares outstanding		13,857,242		14,310,971
Diluted EPS	$	0.22	$	0.22