SHAREHOLDERS’ EQUITY (Tables)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

reconciliation of the numerators and denominators of the basic and diluted earnings per share

A reconciliation of the numerators and denominators of the basic and diluted earnings per share computations is as follows (dollars and shares in thousands, except per share data):

SHAREHOLDERS' EQUITY

			Weighted
			Average
			Number of
	Net		Shares		Per-Share
For the Year Ended	Income		Outstanding		Amount
December 31, 2020
Basic earnings per share	$	7,055		5,871	$	1.20
Effect of dilutive stock-based compensation		—		17
Diluted earnings per share	$	7,055		5,888	$	1.20
December 31, 2019
Basic earnings per share	$	5,500		5,847	$	0.94
Effect of dilutive stock-based compensation		—		22
Diluted earnings per share	$	5,500		5,869	$	0.94
December 31, 2018
Basic earnings per share	$	4,900		5,871	$	0.83
Effect of dilutive stock-based compensation		—		38
Diluted earnings per share	$	4,900		5,909	$	0.83

summary of the outstanding and nonvested stock option activity

A summary of the outstanding and nonvested stock option activity for the year ended December 31, 2020 is as follows:

SHAREHOLDERS' EQUITY (Details 2)

	Outstanding				Nonvested
			Weighted					Weighted
			Average					Average
			Exercise					Grant Date
			Price					Fair Value
	Shares		Per Share		Shares			Per Share
Balance, January 1, 2020		29,958	$	8.79		2,223		$	3.24
Options granted		—	$	—		—		$	—
Options vested		—	$	—		(2,223	)	$	3.24
Options exercised		—	$	—		—		$	—
Options expired or canceled		—	$	—		—		$	—
Balance, December 31, 2020		29,958	$	8.79		—		$	—

summary of options

A summary of options as of December 31, 2020 is as follows (there were no unvested stock options):

SHAREHOLDERS' EQUITY (Details 3)

Vested:
Number of vested stock options		29,958
Weighted average exercise price per share	$	8.79
Aggregate intrinsic value	$	130,617
Weighted average remaining contractual term in years		3.40

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

Restricted Stock

				Weighted
				Average
				Grant Date
Restricted Stock	Shares			Fair Value
Nonvested at January 1, 2020		43,971		$	13.95
Awarded		39,131		$	12.45
Vested		(24,123	)	$	13.76
Cancelled		(480	)	$	13.23
Nonvested at December 31, 2020		58,499		$	13.03

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

Restricted Stock

Restricted Stock (Continued)
	2020		2019		2018
	(Dollars in thousands)
Total intrinsic value of options exercised	$	—	$	60	$	137
Aggregate cash received for option exercises	$	—	$	95	$	189
Total fair value of options vested	$	7	$	15	$	14
Total compensation cost, options and restricted stock	$	425	$	338	$	227
Tax benefit recognized	$	114	$	88	$	53
Net compensation cost, options and restricted stock	$	311	$	250	$	174
Total compensation cost for nonvested option awards not yet recognized	$	—	$	3	$	17
Weighted average years for compensation cost for nonvested options to be recognized		—		0.3		1.0
Total compensation cost for restricted stock not yet recognized	$	460	$	394	$	318
Weighted average years for compensation cost for restricted stock to be recognized		1.0		0.8		0.8