EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2019

EARNINGS PER SHARE [Abstract]

Schedule of earnings per share

	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Basic
Net income per consolidated statements of income	$	6,057	$	5,865	$	14,588	$	12,156
Less:  Dividends paid to preferred shareholders		—		—		—		—
Less:  Earnings allocated to participating securities		(107)		(49)		(243)		(102)
Net income available to common stockholders	$	5,950	$	5,816	$	14,345	$	12,054
Weighted average common shares outstanding including participating securities		8,320,036		8,198,257		8,310,071		8,195,542
Less:  Weighted average participating securities		(146,549)		(68,770)		(138,711)		(68,770)
Weighted average common shares outstanding		8,173,487		8,129,487		8,171,360		8,126,772
Basic earnings per common share	$	0.73	$	0.72	$	1.76	$	1.48
Diluted
Net income allocated to common stockholders	$	5,950	$	5,816	$	14,345	$	12,054
Weighted average common shares outstanding for basic earnings per common share		8,173,487		8,129,487		8,171,360		8,126,772
Add:  Dilutive effects of assumed exercise of stock options		126,491		160,561		121,022		156,834
Add:  Dilutive effects of assumed vesting of performance based restricted stock		36,086		—		28,484		—
Average shares and dilutive potential common shares		8,336,064		8,290,048		8,320,866		8,283,606
Dilutive earnings per common share	$	0.71	$	0.70	$	1.72	$	1.46