OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and 2022 (dollars in thousands except per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Basic earnings per share:
Net income	$	4,619	$	4,568	$	14,672	$	11,155
Weighted average common shares outstanding		14,465,191		14,404,438		14,455,772		14,394,959
Basic EPS	$	0.32	$	0.32	$	1.01	$	0.77
Diluted earnings per share:
Net income	$	4,619	$	4,568	$	14,672	$	11,155
Weighted average common shares outstanding		14,465,191		14,404,438		14,455,772		14,394,959
Effect of dilutive shares		160,012		150,672		129,448		162,748
Adjusted weighted average common shares outstanding		14,625,203		14,555,110		14,585,220		14,557,707
Diluted EPS	$	0.32	$	0.31	$	1.01	$	0.77