FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2014

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, 2014 and 2013 follows.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Weighted average common shares outstanding		11,586,564		11,573,014		11,578,350		11,569,961
Weighted average unvested restricted shares		74,980		-		33,440		-
Weighted average shares for basic earnings per share		11,661,544		11,573,014		11,611,790		11,569,961
Additional diluted shares:
Stock options		54,742		33,688		56,201		13,083
Weighted average shares for diluted earnings per share		11,716,286		11,606,702		11,667,991		11,583,044