OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024 and 2023 (dollars in thousands except per share amounts):

	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Basic earnings per share:
Net income	$	4,424	$	4,564	$	8,700	$	10,053
Weighted average common shares outstanding		15,205,811		15,180,272		15,217,899		15,163,906
Basic EPS	$	0.29	$	0.30	$	0.57	$	0.66
Diluted earnings per share:
Net income	$	4,424	$	4,564	$	8,700	$	10,053
Weighted average common shares outstanding		15,205,811		15,180,272		15,217,899		15,163,906
Effect of dilutive shares		190,575		97,539		175,301		119,609
Adjusted weighted average common shares outstanding		15,396,386		15,277,811		15,393,200		15,283,515
Diluted EPS	$	0.29	$	0.30	$	0.57	$	0.66