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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