EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

EARNINGS PER SHARE

Calculation Methods of Earnings Per Share

	Three Months Ended March 31, 2020					Three Months Ended March 31, 2019
	Income		Shares	Per Share		Income		Shares	Per Share
(Dollars in thousands, except share and per share data)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Shares Outstanding (weighted average)			9,259,825					9,416,987
Shares held by Rabbi Trust			95,027					99,029
Shares liability under deferred compensation agreement			(95,027)					(99,029)
Basic earnings per share:
Net earnings applicable to common stockholders	$	5,128	9,259,825	$	0.55	$	5,823	9,416,987	$	0.62
Effect of dilutive securities:
Unvested stock awards		—	44,792				-	43,131
Diluted earnings per share:
Net income applicable to common stockholders and assumed conversions	$	5,128	9,304,617	$	0.55	$	5,823	9,460,118	$	0.62