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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule showing the computation of basic and diluted earnings per share

The following shows the computation of basic and diluted earnings per share for the years ended December 31, 2016, 2015 and 2014 (dollars in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

 

 

(Numerator):

 

 

 

 

 

 

 

 

 

 

Net income

 

$
4,483

 

$
5,596

 

$
1,700

 

 

 

 

 

 

 

 

 

 

 

 

(Denominator):

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 
6,236,067

 

 
6,241,921

 

 
5,592,738

 

Effect of dilutive stock options, and vesting of restricted stock awards

 

 
32,636

 

 
31,400

 

 
61,073

 

Diluted weighted average shares outstanding

 

 
6,268,703

 

 
6,273,321

 

 
5,653,811

 

Income per common share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

.72

 

$

.90

 

$

.30

 

Diluted

 

$

.72

 

$

.89

 

$

.30