ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
	2015	2014
Options outstanding – beginning of period	979,916	1,615,771
Options granted	-	-
Options exercised	(14,776)	(8,480)
Options that expired prior to exercise	(59,360)	(618,895)
Options outstanding – end of period	905,780	988,396
Intrinsic value of options exercised	$84	$5
Compensation expense recognized	23	36
Remaining unrecognized compensation expense	8	105
Intrinsic value of outstanding options at period end	1,459	2,294
Intrinsic value of vested options at period end	1,446	2,177
Weighted average exercise price of vested options – end of period	14.69	14.76

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

There were no grants of stock options during the three-month periods ended March 31, 2015 and 2014. 

Schedule of Nonvested Restricted Stock Units Activity

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

	At or for the Three Months Ended March 31,
	2015	2014
Unvested allocated shares – beginning of period	289,660	318,314
Shares granted	-	-
Shares vested	(4,050)	-
Shares forfeited	-	(1,261)
Unvested allocated shares – end of period	285,610	317,053
Compensation recorded to expense	$494	$495