STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2013

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Corporation did not grant any stock options during the first quarter of 2013. The fair value of options granted in 2012 was determined using the following weighted-average assumptions as of the date of grant,

	2012
Dividend yield		3.20	%
Risk-free interest rate		1.15	%
Expected volatility		23.62	%
Weighted average expected life		8 yrs
Weighted average per share fair value of options	$	3.01

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option activity for the three months ended March 31, 2013.

				Weighted
	Number			Average		Number
	of			Exercise		of Options
Stock Options	Options			Price		Exercisable
Outstanding options at January 1, 2013		54,630		$	15.83		29,199
Granted		0			0
Exercised		0			0
Forfeited		0			0
Expired		(1,130	)		22.75
Outstanding options at March 31, 2013		53,500		$	15.68		28,069

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following is a summary of outstanding and exercisable stock options at March 31, 2013.

		Number		Weighted Average			Number
		Of Shares		Remaining			Of Shares
Exercise Price		Outstanding		Contractual Life			Exercisable
$	26.75		1,000		2.76	years		1,000
$	12.30		16,400		6.37	years		16,400
$	13.25		11,100		7.38	years		7,402
$	17.40		9,800		8.37	years		3,267
$	19.28		15,200		9.28	years		0
Total			53,500		7.70	years		28,069

Schedule of Nonvested Share Activity [Table Text Block]

The following table summarizes information about the Corporation’s nonvested stock option activity for the three months ended March 31, 2013.

	Number		Weighted
	Of		Average
Nonvested Options	Options		Price
Nonvested options at January 1, 2013		25,431	$	17.92
Granted		0		0.00
Vested		0		0.00
Forfeited		0		0.00
Nonvested options at March 31, 2013		25,431	$	17.92

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

The following table summarizes restricted stock activity for the three months ended March 31, 2013.

			Weighted
	Non-vested		Average
	Number of		Grant Date
Restricted Stock	Shares		Fair Value
Nonvested balance at January 1, 2013		7,800	$	16.95
Granted		0		0.00
Vested		0		0.00
Forfeited/expired		0		0.00
Nonvested balance at March 31, 2013		7,800	$	16.95