STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2017

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

Schedule of Valuation Assumptions

The fair value of options granted was determined using the following weighted-average assumptions as of grant date, for the years ended December 31:

	2017		2016
Risk-free interest rate	2.00	%	1.57	%
Expected term (in years)	6.46		6.50
Expected stock price volatility	18.54	%	20.92	%
Dividend yield	1.61	%	2.13	%

Schedule of Stock Option Activity

A summary of activity in the Plan during the years ended December 31 follows:

2017	Number   of Shares		Weighted-Average   Exercise Price		Weighted-Average Remaining Contractual   Life in Years	Aggregate Intrinsic Value
Outstanding at beginning of year	340,377		$	23.43	7.34	$	194
Granted	159,598		27.80		9.40	480
Exercised	(7,033	)	11.94		4.23	132
Forfeited	(21,500	)	25.58		8.59	109
Balance, December 31, 2017	471,442		$	24.98	7.30	$	2,696
Exercisable at end of year	134,644		$	23.60	5.85	$	950

2016	Number   of Shares		Weighted-Average   Exercise Price		Weighted-Average Remaining Contractual   Life in Years	Aggregate Intrinsic Value
Outstanding at beginning of year	314,391		$	23.28	8.00	$	137
Granted	49,500		23.58		9.38	21
Exercised	(3,014	)	11.94		2.51	36
Forfeited	(20,500	)	23.22		7.74	16
Balance, December 31, 2016	340,377		$	23.43	7.34	$	194
Exercisable at end of year	89,677		$	22.61	6.45	$	125

Schedule of Nonvested Stock Option Activity

A summary of nonvested activity in the Plan during the years ended December 31 follows:

2017	Number   of Shares		Weighted-Average   Exercise Price		Weighted-Average Remaining Contractual   Life in Years	Aggregate Intrinsic Value
Outstanding at beginning of year	250,700		$	23.73	7.65	$	69
Granted	159,598		27.80		9.40	480
Vested	(54,500	)	23.72		6.35	378
Forfeited	(19,000	)	25.58		8.59	109
Balance, December 31, 2017	336,798		$	25.54	7.88	$	1,747

2016	Number   of Shares		Weighted-Average   Exercise Price		Weighted-Average Remaining Contractual   Life in Years	Aggregate Intrinsic Value
Outstanding at beginning of year	267,200		$	23.72	8.22	$	—
Granted	49,500		23.58		9.38	21
Vested	(47,700	)	23.72		6.95	14
Forfeited	(18,300	)	23.22		7.74	16
Balance, December 31, 2016	250,700		$	23.73	7.65	$	69

Plan Information

Information related to the Plan is as follows for the year ended December 31:

	2017		2016
Intrinsic value of options exercised	$	132	$	36
Cash received from options exercised	84		36
Tax benefit realized from options exercised	—		—
Weighted average fair value of options granted	5.41		4.30