2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

Summary Of Significant Accounting Policies Tables

Bank Premises and Equipment

Land is carried at cost and bank premises and equipment are stated at cost less accumulated depreciation. Depreciation is charged to income over the estimated useful lives of the assets on a combination of the straight-line and accelerated methods. The ranges of the useful lives of the premises and equipment are as follows:

Premises and Improvements	10 - 40 years
Furniture and Equipment	5 - 20 years

Earnings per Share

The following table provides a reconciliation of net income to net income available to common stockholders for the periods presented:

	For the year ended
Dollars in thousands	December 31, 2016		December 31, 2015		December 31, 2014
Earnings Available to Common Stockholders:
Net Income	$	9,762	$	8,581	$	5,847
Minority interest		194		164		45
Preferred Stock Dividends		487		510		128
Net Income Available to Common Stockholders	$	9,081	$	7,907	$	5,674

The following table shows the effect of dilutive preferred stock conversion on the Company's earnings per share for the periods indicated:

	Year ended
	12/31/2016							12/31/2015							12/31/14
Dollars in thousands, except share data	Net Income Available		Weighted Average Shares		Per Share Amounts			Net Income Available		Weighted Average Shares		Per Share Amounts			Net Income Available		Weighted Average Shares		Per Share Amounts
Basic EPS	$	9,081		3,282,335	$	2.77		$	7,907		3,290,812	$	2.40		$	5,674		3,119,333	$	1.82
Effect of Dilutive Securities:
Convertible Preferred Stock		487		434,256		(0.20	)		510		444,400		(0.15	)		128		110,631		(0.02	)
Diluted EPS	$	9,568		3,716,591	$	2.57		$	8,417		3,735,212	$	2.25		$	5,802		3,229,942	$	1.80