SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 (dollars in thousands, except per share data):

	Year Ended December 31,
	2019		2018
(Numerator):
Net income	$	13,850	$	8,367
(Denominator):
Weighted average shares outstanding		10,737,653		8,891,967
Effect of restricted stock awards		19,854		29,691
Diluted weighted average shares outstanding		10,757,507		8,921,658
Income per common share:
Basic	$	1.29	$	.94
Diluted	$	1.29	$	.94