STOCK INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2018

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:

	2018			2017			2016
Risk free interest rate		2.88	%		2.43	%		2.33	%
Expected life (in years)		7.5			7.5			10
Expected stock price volatility		33.69	%		34.20	%		27.95	%
Dividend yield		3.61	%		4.00	%		3.47	%

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.

	2018					2017					2016
	Shares			Weighted Average Exercise Price		Shares			Weighted Average Exercise Price		Shares				Weighted Average Exercise Price
Outstanding, January 1		117,191		$	10.79		154,085		$	10.19		201,151		$	9.97
Granted		11,275			18.23		10,175			20.72		11,000			14.54
Expired		—			—		—			—		—			—
Exercised		(24,056	)		8.96		(36,454	)		9.57		(43,100	)		9.51
Forfeited		(1,650	)		20.02		(10,615	)		15.83		(14,966	)		12.28
Outstanding, December 31		102,760		$	11.89		117,191		$	10.79		154,085		$	10.19
Exercisable at year end		32,219		$	8.81		31,694		$	8.77		13,882		$	10.35

Schedule of information pertaining to options outstanding

The following table presents information pertaining to options outstanding at December 31, 2018.

December 31, 2018
Exercise Price		Number of Options Outstanding		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Intrinsic Value of Options Outstanding		Number of Options Exercisable		Weighted Average Exercise Price		Intrinsic Value of Options Exercisable
$	8.61		41,075		6.33	$	8.61	$	353,656		24,645	$	8.61	$	277,504
$	8.90		2,541		1.75	$	8.90	$	22,615		2,033	$	8.90	$	22,300
$	9.18		7,199		3.50	$	9.18	$	66,087		2,880	$	9.18	$	30,783
$	9.65		2,420		2.25	$	9.65	$	23,353		1,452	$	9.65	$	14,840
$	9.92		1,815		3.75	$	9.92	$	18,005		726	$	9.92	$	7,224
$	12.26		5,444		5.59	$	12.26	$	66,743		—	$	12.26	$	—
$	12.40		2,419		5.00	$	12.40	$	29,996		484	$	12.40	$	3,614
$	13.05		14,217		6.33	$	13.05	$	185,532		—	$	13.05	$	—
$	13.62		3,630		6.50	$	13.62	$	49,441		—	$	13.62	$	—
$	14.54		5,500		7.25	$	14.54	$	79,970		—	$	14.54	$	—
$	18.23		10,450		9.25	$	18.23	$	190,504		—	$	18.23	$	—
$	19.00		2,750		8.17	$	19.00	$	52,250		—	$	19.00	$	—
$	19.82		3,300		8.09	$	19.82	$	65,406		—	$	19.82	$	—
			102,760		6.26	$	11.71	$	1,203,558		32,220	$	11.71	$	356,265