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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Earnings Per Share
 
 
For the years ended
 
 
December 31,
(Dollars in thousands except shares and per share data)
 
2016
 
2015
 
2014
Numerator for basic earnings per share:
 
 
 
 
 
 
Net Income from continuing operations
 
$
8,977

 
$
6,603

 
$
2,655

Less: Dividends on preferred stock
 
1,128

 
575

 
332

Net Income from continuing operations available to common shareholders - basic
 
7,849

 
6,028

 
2,323

Net Income from discontinued operations available to common shareholders - basic and diluted
 
3,935

 
213

 
(576
)
Net Income available to common shareholders
 
$
11,784

 
$
6,241

 
$
1,747

 
 
 
 
 
 
 
Numerator for diluted earnings per share:
 
 
 
 
 
 
Net Income from continuing operations available to common shareholders - basic
 
$
7,849

 
$
6,028

 
$
2,323

Add: Dividends on preferred stock
 

 

 

Add: Interest on subordinated debt (tax effected)
 
1,390

 

 

Net Income available to common shareholders from continuing operations - diluted
 
$
9,239

 
$
6,028

 
$
2,323

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Total average shares outstanding
 
8,212,021

 
8,014,316

 
7,905,468

Effect of dilutive convertible preferred stock
 

 

 

Effect of dilutive convertible subordinated debt
 
1,837,500

 

 

Effect of dilutive stock options
 
19,212

 
125,800

 
196,649

Total diluted average shares outstanding
 
10,068,733

 
8,140,116

 
8,102,117

 
 
 
 
 
 
 
Earnings per share from continuing operations - basic
 
$
0.96

 
$
0.75

 
$
0.29

Earnings per share from discontinued operations - basic
 
$
0.48

 
$
0.03

 
$
(0.07
)
Earnings per common shareholder - basic
 
$
1.44

 
$
0.78

 
$
0.22

 
 
 
 
 
 
 
Earnings per share from continuing operations - diluted
 
$
0.92

 
$
0.74

 
$
0.29

Earnings per share from discontinued operations - diluted
 
$
0.39

 
$
0.03

 
$
(0.07
)
Earnings per common shareholder - diluted
 
$
1.31

 
$
0.77

 
$
0.22