SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017 (dollars in thousands, except per share data):

	Year Ended December 31,
	2018		2017
(Numerator):
Net income	$	8,367	$	5,479
(Denominator):
Weighted average shares outstanding		8,891,967		6,288,791
Effect of dilutive stock options, and vesting of restricted stock awards		29,691		33,622
Diluted weighted average shares outstanding		8,921,658		6,322,413
Income per common share:
Basic	$	.94	$	.87
Diluted	$	.94	$	.87