EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share Tables

Schedule of computation of 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)	2014		2013
Net income	$	1,450	$	1,609
Weighted average shares outstanding		1,658,017		1,656,162
Effect of dilutive stock options outstanding		—		—
Diluted weighted average shares outstanding		1,658,017		1,656,162
Basic earnings per share	$	0.87	$	0.97
Diluted earnings per share	$	0.87	$	0.97