FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2016

FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Reconciliation of basic and diluted weighted average number of common shares outstanding

The reconciliation of basic and diluted weighted average number of common shares outstanding for the three and nine months ended September 30, 2016 and 2015 follows.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Weighted average common shares outstanding		11,788,825		11,674,697		11,752,237		11,636,155
Weighted average unvested restricted shares		113,041		111,034		116,753		106,921
Weighted average shares for basic earnings per share		11,901,866		11,785,731		11,868,990		11,743,076
Additional diluted shares:
Stock options		98,485		77,568		81,605		74,823
Weighted average shares for diluted earnings per share		12,000,351		11,863,299		11,950,595		11,817,899