ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

ACCOUNTING FOR STOCK BASED COMPENSATION [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

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,
	2014		2013			2014			2013
Options outstanding – beginning of period		979,916		2,273,733			1,615,771			2,456,137
Options granted		-		-			-			-
Options exercised		-		(493,690	)		(16,960	)		(671,312	)
Options forfeited		-		-			(618,895	)		(4,782	)
Options outstanding – end of period		979,916		1,780,043			979,916			1,780,043
Intrinsic value of options exercised	$	0	$	1,872		$	6		$	2,089
Compensation expense recognized		23		36			86			158
Remaining unrecognized compensation expense		54		177			54			177
Intrinsic value of outstanding options at period end		468		2,447			468			2,447
Intrinsic value of vested options at period end		468		2,347			468			2,347
Weighted average exercise price of vested options – end of period		14.73		16.53			14.73			16.53

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

There were no grants of stock options during the three-month and nine-month periods ended September 30, 2014 and 2013.

Schedule of Nonvested Restricted Stock Units Activity

The following is a summary of activity related to the restricted stock awards granted under the 2004 Equity Plan and 2013 Equity Plan during the periods indicated:

	At or for the Three Months Ended September 30,				At or for the Nine Months Ended September 30,
	2014		2013		2014			2013
Unvested allocated shares – beginning of period		295,044		318,314		318,314			328,003
Shares granted		-		-		121,333			145,925
Shares vested		-		-		(141,361	)		(155,614	)
Shares forfeited		-		-		(3,242	)		-
Unvested allocated shares – end of period		295,044		318,314		295,044			318,314
Compensation recorded to expense	$	501	$	499	$	1,498		$	1,511