ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

ACCOUNTING FOR STOCK BASED COMPENSATION [Abstract]

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

Stock Option Awards

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 June 30,						At or for the Six Months Ended June 30,
	2013			2012			2013			2012
Options outstanding – beginning of period		2,295,372			2,832,513			2,456,137			2,893,760
Options granted		-			24,440			-			24,440
Options exercised		(19,952	)		(25,264	)		(177,622	)		(86,511	)
Options forfeited		(1,687	)		(1,387	)		(4,782	)		(1,387	)
Options outstanding – end of period		2,273,733			2,830,302			2,273,733			2,830,302
Intrinsic value of options exercised	$	67		$	320		$	217		$	599
Compensation expense recognized		48			77			122			162
Remaining unrecognized compensation expense		213			482			213			482
Intrinsic value of outstanding options at period end		2,050			518			2,050			518
Intrinsic value of vested options at period end		2,015			362			2,015			362
Weighted average exercise price of vested options – end of period		15.87			15.41			15.87			15.41

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:

	Three Months Ended June 30,		Six Months Ended June 30,
	2013	2012	2013	2012
Total options granted	-	24,440	-	24,440
Estimated fair value on date of grant	-	$4.09	-	$4.09
Pricing methodology utilized	-	Black- Scholes	-	Black- Scholes
Expected life (in years)	-	6.53	-	6.53
Interest rate	-	1.21%	-	1.21%
Volatility	-	45.17	-	45.17
Dividend yield	-	4.04	-	4.04

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 June 30,						At or for the Six Months Ended June 30,
	2013			2012			2013			2012
Unvested allocated shares – beginning of period		321,148			324,454			328,003			324,454
Shares granted		145,925			141,289			145,925			141,289
Shares vested		(148,759	)		(135,369	)		(155,614	)		(135,369	)
Shares forfeited		-			(2,371	)		-			(2,371	)
Unvested allocated shares – end of period		318,314			328,003			318,314			328,003
Compensation recorded to expense	$	487		$	461		$	1,012		$	899