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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017, 2016 and 2015 (dollars in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2017

    

2016

    

2015

 

 

 

 

 

 

 

 

 

 

 

 

(Numerator):

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,479

 

$

4,483

 

$

5,596

 

 

 

 

 

 

 

 

 

 

 

 

(Denominator):

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

6,288,791

 

 

6,236,067

 

 

6,241,921

 

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

 

 

33,622

 

 

32,636

 

 

31,400

 

Diluted weighted average shares outstanding

 

 

6,322,413

 

 

6,268,703

 

 

6,273,321

 

Income per common share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

.87

 

$

.72

 

$

.90

 

Diluted

 

$

.87

 

$

.72

 

$

.89