FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2015

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 six months ended June 30, 2015 and 2014 follows.

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Weighted average common shares outstanding		11,630,056		11,575,322		11,616,565		11,574,174
Weighted average unvested restricted shares		118,012		-		104,831		-
Weighted average shares for basic earnings per share		11,748,068		11,575,322		11,721,396		11,574,174
Additional diluted shares:
Stock options		74,494		72,599		71,911		65,124
Weighted average shares for diluted earnings per share		11,822,562		11,647,921		11,793,307		11,639,298