EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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				Nine months ended
	September 30,				September 30,
(dollars in thousands, except per share data – unaudited)	2013		2012		2013		2012
Net income	$	13	$	1,226	$	3,183	$	4,324
Weighted average shares outstanding		1,651,518		1,663,472		1,653,098		1,663,221
Effect of dilutive stock options outstanding		—		—		—		76
Diluted weighted average shares outstanding		1,651,518		1,663,472		1,653,098		1,663,297
Basic earnings per share	$	0.01	$	0.74	$	1.93	$	2.60
Diluted earnings per share	$	0.01	$	0.74	$	1.93	$	2.60