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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of options granted in 2015, 2014 and 2013 was determined using the following weighted-average assumptions as of the date of grant.
 
 
 
2015
 
 
2014
 
 
2013
 
Dividend yield
 
 
3.16
%
 
 
3.15
%
 
 
3.17
%
Risk-free interest rate
 
 
1.94
%
 
 
2.04
%
 
 
2.00
%
Expected volatility
 
 
22.29
%
 
 
22.59
%
 
 
23.00
%
Weighted average expected life
 
 
8 years
 
 
 
8 years
 
 
 
8 years
 
Weighted average per share fair value of options
 
$
4.47
 
 
$
4.11
 
 
$
3.63
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Following is a summary of option activity for the years ended December 31, 2015, 2014 and 2013.
 
 
 
2015
 
2014
 
2013
 
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
 
Average
 
 
 
Average
 
 
 
Average
 
 
 
 
 
Exercise
 
 
 
Exercise
 
 
 
Exercise
 
 
 
Shares
 
Price
 
Shares
 
Price
 
Shares
 
Price
 
Outstanding at
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
beginning of year
 
 
69,375
 
$
18.08
 
 
62,550
 
$
16.63
 
 
54,630
 
$
15.83
 
Granted
 
 
18,400
 
 
27.40
 
 
11,000
 
 
24.47
 
 
9,950
 
 
21.35
 
Exercised
 
 
(4,225)
 
 
17.04
 
 
(3,575)
 
 
12.85
 
 
(900)
 
 
12.30
 
Expired
 
 
0
 
 
0
 
 
0
 
 
0
 
 
(1,130)
 
 
22.75
 
Forfeited
 
 
0
 
 
0
 
 
(600)
 
 
15.79
 
 
0
 
 
0
 
Outstanding at year-end
 
 
83,550
 
$
20.18
 
 
69,375
 
$
18.08
 
 
62,550
 
$
16.63
 
Options exercisable at year-end
 
 
54,499
 
$
17.10
 
 
46,775
 
$
15.99
 
 
39,201
 
$
14.69
 
Weighted average fair value of options  granted during the year
 
$
4.47
 
 
 
 
$
4.11
 
 
 
 
$
3.63
 
 
 
 
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 December 31, 2015:
 
 
 
Number
 
Weighted Average
 
Number
 
 
 
Of Shares
 
Remaining
 
Of Shares
 
Exercise Price
 
Outstanding
 
Contractual Life
 
Exercisable
 
$  12.30
 
 
11,900
 
 
3.62    years
 
 
11,900
 
13.25
 
 
8,300
 
 
4.62    years
 
 
8,300
 
17.40
 
 
9,800
 
 
5.62    years
 
 
9,800
 
19.28
 
 
14,200
 
 
6.53    years
 
 
14,200
 
21.35
 
 
9,950
 
 
7.61    years
 
 
6,632
 
24.47
 
 
11,000
 
 
8.63    years
 
 
3,667
 
27.40
 
 
18,400
 
 
9.62    years
 
 
0
 
Total
 
 
83,550
 
 
6.90    years
 
 
54,499
 
Schedule of Nonvested Share Activity [Table Text Block]
The following table summarizes information about the Corporation’s nonvested stock option activity for the year ended December 31, 2015:
 
 
 
Number
 
Weighted
 
 
 
Of
 
Average
 
Nonvested Options
 
Options
 
Price
 
Nonvested options at January 1, 2015
 
 
22,600
 
$
22.41
 
Granted
 
 
18,400
 
 
27.40
 
Vested
 
 
(11,949)
 
 
21.45
 
Forfeited/expired
 
 
0
 
 
0.00
 
Nonvested options at December 31, 2015
 
 
29,051
 
$
25.97
 
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes restricted stock activity for the year ended December 31, 2015.
 
 
 
 
 
Weighted
 
 
 
Nonvested
 
Average
 
 
 
Number of
 
Grant Date
 
Restricted Stock
 
Shares
 
Fair Value
 
Nonvested balance at January 1, 2015
 
 
12,900
 
$
21.95
 
Granted
 
 
8,000
 
 
27.40
 
Vested
 
 
(2,200)
 
 
19.28
 
Forfeited
 
 
0
 
 
0.00
 
Nonvested balance at December 31, 2015
 
 
18,700
 
$
24.60