STOCK INCENTIVE PLAN AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (Tables)

12 Months Ended

Dec. 31, 2014

Stock Incentive Plan And Employee Stock Ownership Plan And Trust Tables

Schedule of activity under stock incentive plan

A summary of the activity under the 1998 and 2010 Omnibus Stock Incentive Plans for the years ended December 31, 2014, 2013, and 2012 follows:

	December 31,
	2014					2013					2012
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Outstanding, January 1		159,165		$	11.34		174,467		$	11.20		168,266		$	11.23
Granted		10,000			14.84		7,000			13.48		11,500			11.30
Expired		(6,500	)		12.27		(9,653	)		11.91		(4,000	)		13.75
Exercised		(2,500	)		10.42		(12,649	)		10.16		(1,299	)		8.54
Outstanding, December 31		160,165		$	11.53		159,165		$	11.34		174,467		$	11.20

		December 31, 2014
Exercise Price:		Number of Options Outstanding	Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Intrinsic Value of Outstanding Options	Number of Options Exercisable		Weighted Average Exercise Price		Intrinsic Value of Exercisable Options
$	15.11	13,915	1.4	$	15.11	$	(4,453)	11,000	$	15.11	$	(3,520)
$	14.54	5,500	2.0	$	14.54	$	1,375	3,300	$	14.54	$	825
$	13.73	3,300	2.5	$	13.73	$	3,498	1,100	$	13.73	$	1,166
$	12.90	2,200	3.2	$	12.90	$	4,158	880	$	12.90	$	1,663
$	10.77	16,250	5.7	$	10.77	$	65,325	-	$	-	$	-
$	11.67	5,000	6.2	$	11.67	$	15,600	-	$	-	$	-
$	10.42	91,000	6.5	$	10.42	$	397,600	-	$	-	$	-
$	11.11	8,250	7.6	$	11.11	$	30,360	-	$	-	$	-
$	12.00	2,500	7.9	$	12.00	$	6,975	-	$	-	$	-
$	12.84	1,000	8.6	$	12.84	$	1,950	-	$	-	$	-
$	15.00	2,000	8.9		15.00	$	(420)	-	$	-	$	-
$	14.84	9,250	9.6	$	14.84	$	(463)	-	$	-	$	-
		160,165	5.98	$	11.53	$	521,505	16,280	$	14.91	$	134

Schedule of weighted average grant-date fair value

The weighted average grant-date fair value of options granted is presented below:

Weighted Average Grant-Date Fair Value
Date of Grant		Outstanding Shares		Weighted Average Grant-Date Fair Value
	2006		13,915	$	4.48
	2007		5,500	$	4.45
	2007		3,300	$	4.45
	2008		2,200	$	3.43
	2010		16,250	$	6.13
	2011		5,000	$	4.62
	2011		91,000	$	4.03
	2012		8,250	$	2.55
	2012		2,500	$	2.76
	2013		1,000	$	3.47
	2013		2,000	$	4.09
	2014		9,250	$	3.47

Schedule of nonvested shares

A summary of the status of our nonvested shares as of December 31, 2014 is presented below:

Nonvested Shares:	Shares			Weighted Average Grant-Date Fair Value
Nonvested at beginning of year		148,440		$	4.29
Granted		10,000			3.47
Vested		(8,055	)		4.27
Forfeited		(6,500	)		4.49
Nonvested at end of year		143,885		$	4.23