ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 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 September 30,		At or for the Nine Months Ended September 30,
	2015	2014	2015	2014
Options outstanding – beginning of period	646,201	979,916	979,916	1,615,771
Options granted	-	-	-	-
Options exercised	-	-	(274,355)	(16,960)
Options that expired prior to exercise	-	-	(59,360)	(618,895)
Options outstanding – end of period	646,201	979,916	646,201	979,916
Intrinsic value of options exercised	$-	$-	$384	$6
Compensation expense recognized	-	23	31	86
Remaining unrecognized compensation expense	-	54	-	54
Intrinsic value of outstanding options at period end	1,609	468	1,609	468
Intrinsic value of vested options at period end	1,609	468	1,609	468
Weighted average exercise price of vested options – end of period	14.57	14.73	14.57	14.73

There were no grants of stock options during the three-month and nine-month periods ended September 30, 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 Equity Plan or 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,
	2015	2014	2015	2014
Unvested allocated shares – beginning of period	224,372	295,044	289,660	318,314
Shares granted	-	-	68,069	121,333
Shares vested	-	-	(132,377)	(141,361)
Shares forfeited	(478)	-	(1,458)	(3,242)
Unvested allocated shares – end of period	223,894	295,044	223,894	295,044
Compensation recorded to expense	$434	$501	$1,418	$1,497