ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2012

ACCOUNTING FOR STOCK BASED COMPENSATION [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Combined activity related to stock options granted under the Stock Plans during the periods presented was as follows:

	At or for the Three Months Ended September 30,						At or for the Nine Months Ended September 30,
	2012			2011			2012			2011
Options outstanding – beginning of period		2,830,302			3,079,040			2,893,760			3,213,007
Options granted		-			-			24,440			91,583
Options exercised		(253,182	)		(55,955	)		(339,693	)		(276,944	)
Options forfeited		(5,625	)		(10,312	)		(7,012	)		(14,873	)
Options outstanding – end of period		2,571,495			3,012,773			2,571,495			3,012,773
Remaining unrecognized compensation expense	$	408		$	628		$	408		$	628

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

The weighted average fair value per option at the date of grant for stock options granted was estimated as follows:

	Nine Months Ended September 30,
	2012			2011
Total options granted		24,440			91,583
Estimated fair value on date of grant	$	4.09		$	4.82
Pricing methodology utilized	Black- Scholes			Black- Scholes
Expected life (in years)		6.53			6.80
Interest rate		1.21	%		2.59	%
Volatility		45.17			42.35
Dividend yield		4.04			3.62

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

The following is a summary of activity related to the restricted stock awards granted under the 2004 Stock Incentive Plan during the periods indicated:

	At or for the Three Months Ended September 30,				At or for the Nine Months Ended September 30,
	2012		2011		2012			2011
Unvested allocated shares – beginning of period		328,003		324,454		324,454			309,783
Shares granted		-		-		141,289			126,304
Shares vested		-		-		(135,369	)		(109,649	)
Shares forfeited		-		-		(2,371	)		(1,984	)
Unvested allocated shares – end of period		328,003		324,454		328,003			324,454