EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2013

Earnings Per Share Tables

Schedule of calculations for basic and diluted earnings per share

Presented below are the calculations for basic and diluted earnings per share:

	Three months ended
	March 31,
(dollars in thousands, except per share data – unaudited)	2013		2012
Net income	$	1,609	$	1,180
Weighted average shares outstanding		1,656,162		1,663,138
Effect of dilutive stock options outstanding		—		186
Diluted weighted average shares outstanding		1,656,162		1,663,324
Basic earnings per share	$	0.97	$	0.70
Diluted earnings per share	$	0.97	$	0.70