STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

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

Stock Options, by Exercise Price Range

Options granted to date vest ratably over a five year period and expire ten years after the date of grant. Stock options outstanding at December 31, 2013 were as follows:

	Outstanding Stock Options				Exercisable Stock Options
Exercise Price Range	Number	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Number	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
9.00 - $10.99	23,494	$	9.00	5.1	18,419	$	9.00	5.1
11.00 - $12.99	63,354	12.05		6.6	31,362	12.06		5.8
17.00 - $18.99	18,118	18.19		1.9	18,118	18.19		1.9
	104,966	12.43		5.4	67,899	12.86		4.6

Summary of Stock Option Activity

The following table summarizes stock option activity for the years indicated:

	Year ended December 31,
	2013				2012				2011
	Options		Weighted Average Exercise Price		Options		Weighted Average Exercise Price		Options	Weighted Average Exercise Price
Outstanding, beginning of year	110,586		$	12.42	124,123		$	12.54	99,040	$	12.71
Granted	—		—		14,491		12.60		25,083	11.85
Exercised or cancelled	(5,620	)	12.32		(8,676	)	13.09		—	—
Expired	—		—		(19,352	)	13.01		—	—
Outstanding, end of year	104,966		12.43		110,586		12.42		124,123	12.54
Exercisable, end of year	67,899		12.86		55,309		13.36		66,709	13.69

Estimated Valuation Assumptions

The following table shows the estimated weighted-average fair value of options granted and the assumptions used in calculating that value for the years indicated:

	2013			2012		2011
Estimated weighted-average fair value of options granted	$	—		2.80		2.09
Risk-free interest rate	—		%	0.84	%	2.84	%
Average dividend	$	—		0.64		0.64
Volatility factor of the expected market price of the Company's common stock	—		%	39.56	%	27.37	%
Average life in years	0.0			6.5		6.5