STOCK INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of fair value weighted-average assumptions as of options

The fair value of options granted was determined using the following weighted-average assumptions as of grant date:

	2016			2015					2014
Risk free interest rate		2.33	%		1.96	%	2.33	%		2.94	%
Expected life (in years)		10			10		10			10
Expected stock price volatility		27.95	%		19.62	%	19.62	%		36.34	%
Dividend yield		3.47	%		4.13	%	4.13	%		3.98	%

Schedule of activity under stock incentive plan

The following table presents a summary of the activity under the 1998 and 2010 Omnibus Stock Incentive Plans for the years ended December 31:

	2016					2015					2014
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Outstanding, January 1		183,302		$	10.81		176,181		$	10.48		175,081		$	10.31
Granted		10,000			15.99		23,650			14.44		11,000			13.49
Expired		—			—		—			—		—			—
Exercised		(39,539	)		10.26		(9,378	)		13.11		(2,750	)		9.74
Forfeited		(12,858	)		13.84		(7,151	)		11.64		(7,150	)		11.15
Outstanding, December 31		140,905		$	11.06		183,302		$	10.81		176,181		$	10.48
Exercisable at year end		12,620		$	11.50		17,457		$	12.95		19,012		$	13.39

Schedule of information pertaining to options outstanding

The following table presents information pertaining to options outstanding at December 31, 2016:

December 31, 2016
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
$	13.22		6,050		—	$	13.22	$	23,535		6,050	$	13.22	$	23,535
$	11.73		1,600		1.2	$	11.73	$	8,608		1,120	$	11.73	$	6,026
$	9.79		11,220		3.7	$	9.79	$	82,130		1,270	$	9.79	$	9,296
$	10.61		4,400		4.2	$	10.61	$	28,600		—	$	—	$	—
$	9.47		71,610		4.5	$	9.47	$	54,710		4,180	$	9.47	$	31,935
$	10.10		9,075		5.6	$	10.10	$	63,616		—	$	—	$	—
$	10.91		2,750		5.9	$	10.91	$	17,050		—	$	—	$	—
$	13.64		2,200		6.9	$	13.64	$	694		—	$	—	$	—
$	13.49		4,950		7.6	$	13.49	$	17,919		—	$	—	$	—
$	14.35		13,750		8.5	$	14.35	$	37,950		—	$	—	$	—
$	14.98		3,300		8.6	$	14.98	$	7,029		—	$	—	$	—
$	15.99		10,000		9.3	$	15.99	$	11,200		—	$	—	$	—
			140,905		5.26	$	11.06	$	353,041		12,620	$	11.50	$	70,792