STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2016

Stock Based Compensation

Summary of activity for the Stock Option Plans

Summary of activity in the two expired stock option plans for 2016 follows:

				Weighted
		Weighted		Average
		Average		Remaining	Aggregate
		Exercise		Contractual	Intrinsic
	Shares	Price		Term	Value
Outstanding, beginning of year	2,400	$	30.37
Granted	—		—
Forfeited or expired	(1,200)		29.75
Exercised	—		—
Outstanding, end of year	1,200	$	31.00	9.2 months	$	1,800
Vested and expected to vest	1,200	$	31.00	9.2 months	$	1,800
Exercisable, end of period	1,200	$	31.00	9.2 months	$	1,800

Schedule of options outstanding at year-end

Options outstanding at year-end 2016 were as follows:

		Outstanding		Exercisable
		Weighted
		Average	Weighted		Weighted
		Remaining	Average		Average
		Contractual	Exercise		Exercise
Range of Exercise Prices	Options	Life (Months)	Price	Options	Price
From $31.00 to $31.00 per share	1,200	9.2	$ 31.00	1,200	$ 31.00

2005 Restricted Stock Grant Plan

Stock Based Compensation

Summary of changes in the Company's nonvested shares

		Weighted-Average		Fair
		Grant-Date		Value
Nonvested Shares	Shares	Fair Value		Per Share
Nonvested at January 1, 2016	17,551	$	404,351	$	23.04
Granted	—		—		—
Vested	(5,999)		(128,453)		21.41
Forfeited	(916)		(22,380)		24.43
Nonvested at December 31, 2016	10,636	$	253,518	$	23.84

2009 Stock Award Plan

Stock Based Compensation

Summary of changes in the Company's nonvested shares

		Weighted-Average		Fair
		Grant-Date		Value
Nonvested Shares	Shares	Fair Value		Per Share
Nonvested at January 1, 2016	1,945	$	54,024	$	27.78
Granted	6,170		182,941		29.65
Vested	(553)		(15,255)		27.59
Forfeited	(265)		(7,857)		29.65
Nonvested at December 31, 2016	7,297	$	213,853	$	29.31