OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023 and 2022 (dollars in thousands except per share amounts):

	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Basic earnings per share:
Net income	$	4,564	$	3,546	$	10,053	$	6,587
Weighted average common shares outstanding		14,454,826		14,408,458		14,438,460		14,390,219
Basic EPS	$	0.32	$	0.25	$	0.70	$	0.46
Diluted earnings per share:
Net income	$	4,564	$	3,546	$	10,053	$	6,587
Weighted average common shares outstanding		14,454,826		14,408,458		14,438,460		14,390,219
Effect of dilutive shares		92,894		154,659		113,913		168,885
Adjusted weighted average common shares outstanding		14,547,720		14,563,117		14,552,373		14,559,104
Diluted EPS	$	0.31	$	0.24	$	0.69	$	0.45