EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 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				Six months ended
	June 30,				June 30,
(dollars in thousands, except per share data – unaudited)	2013		2012		2013		2012
Net income	$	1,561	$	1,918	$	3,170	$	3,098
Weighted average shares outstanding		1,651,664		1,663,410		1,653,901		1,663,093
Effect of dilutive stock options outstanding		—		23		—		109
Diluted weighted average shares outstanding		1,651,664		1,663,433		1,653,901		1,663,202
Basic earnings per share	$	0.95	$	1.15	$	1.92	$	1.86
Diluted earnings per share	$	0.95	$	1.15	$	1.92	$	1.86