EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2014

Earnings and weighted-average shares outstanding used in the computation of basic and diluted earnings per share

The earnings and weighted-average shares outstanding used in the computation of basic and diluted earnings per share are as follows (dollars in thousands, except share and per share data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013

Numerator:
Net earnings	$	3,065	$	1,689	$	5,568	$	1,131
Less Dividends declared:
Class A		131		131		261		261
Class B		653		643		1,307		1,275
Undistributed earnings (loss)	$	2,281	$	915	$	4,000	$	(405	)

Undistributed earnings (loss) allocation - basic and diluted:
Class A undistributed earnings (loss)	$	414	$	168	$	726	$	(74	)
Class B undistributed earnings (loss)		1,867		747		3,274		(331	)
Total undistributed earnings (loss)	$	2,281	$	915	$	4,000	$	(405	)

Net earnings allocation - basic and diluted:
Class A net earnings	$	545	$	299	$	987	$	187
Class B net earnings		2,520		1,390		4,581	$	944
Net earnings	$	3,065	$	1,689	$	5,568	$	1,131

Denominator:
Weighted-average shares outstanding:
Class A common share - basic and diluted		2,174,912		2,174,912		2,174,912		2,174,912
Class B common share - basic and diluted		9,331,982		9,213,178		9,333,460		9,217,119

Earnings per share:
Class A common share - basic and diluted	$	0.25	$	0.14	$	0.45	$	0.09
Class B common share - basic and diluted	$	0.27	$	0.15	$	0.49	$	0.10