STOCK INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2017

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:

	2017			2016			2015
Risk free interest rate		2.43	%		2.33	%		1.96	%	2.33	%
Expected life (in years)		7.5			10			10		10
Expected stock price volatility		34.20	%		27.95	%		19.62	%	19.62	%
Dividend yield		4.00	%		3.47	%		4.13	%	4.13	%

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.

	2017					2016					2015
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price
Outstanding, January 1		140,905		$	11.06		183,302		$	10.81		176,181		$	10.48
Granted		9,250			21.56		10,000			15.99		23,650			14.44
Expired		—			—		—			—		—			—
Exercised		(33,140	)		10.28		(39,539	)		10.26		(9,378	)		13.11
Forfeited		(11,300	)		15.42		(12,858	)		13.84		(7,151	)		11.64
Outstanding, December 31		105,715		$	11.87		140,905		$	11.06		183,302		$	10.81
Exercisable at year end		28,813		$	9.74		12,620		$	11.50		17,457		$	12.95

Schedule of information pertaining to options outstanding

The following table presents information pertaining to options outstanding at December 31, 2017.

December 31, 2017
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
$	9.47		51,890		3.50	$	9.47	$	530,554			20,756	$	9.47	$	212,221
$	9.79		5,280		2.70	$	9.79	$	52,296			3,168	$	9.79	$	31,378
$	10.10		7,645		4.60	$	10.10	$	73,351			1,529	$	10.10	$	14,670
$	10.61		3,300		3.20	$	10.61	$	29,979			1,320	$	10.61	$	11,992
$	10.91		2,200		4.90	$	10.91	$	19,326			440	$	10.91	$	3,865
$	11.73		1,600		0.20	$	11.73	$	12,743			1,600	$	11.73	$	12,743
$	13.49		4,950		6.60	$	13.49	$	30,713			—	$	—	$	—
$	13.64		2,200		5.90	$	13.64	$	13,320			—	$	—	$	—
$	14.35		12,925		7.50	$	14.35	$	69,079			—	$	—	$	—
$	14.98		3,300		7.60	$	14.98	$	15,558			—	$	—	$	—
$	15.99		5,000		8.30	$	15.99	$	18,523			—	$	—	$	—
$	20.90		2,500		9.90	$	20.90	$	(3,014	)		—	$	—	$	—
$	21.80		3,750		21.80	$	21.80	$	(7,895	)		—	$	—	$	—
			106,540		9.90	$	11.87	$	854,533			28,813	$	9.74	$	286,869