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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

Stock option activity and related information is presented below as of and for the periods indicated:

 

SHARE-BASED COMPENSATION
   Stock Options 
   Options
Outstanding
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life (Years)
   Aggregate
Intrinsic
Value (000s)
 
December 31, 2019   685,518   $14.15           
Granted   52,000    14.62           
Exercised   (70,018)   4.42           
Forfeited   (17,000)   13.70           
December 31, 2020   650,500    15.27           
Granted   107,500    24.21           
Exercised   (107,156)   12.88           
Forfeited   (16,000)   15.60           
December 31, 2021   634,844    17.18    7.35   $6,234 
                     
Exercisable at December 31, 2021   267,010   $15.28    6.30   $3,130 
Schedule of Stock Options Outstanding

Stock options outstanding are summarized as follows as of December 31, 2021:

 

SHARE-BASED COMPENSATION (Details 2)
Options Outstanding  Options Exercisable 
Shares  Range   Wtd Ave
Price
   Wtd Ave
Remaining
Life
   Shares   Wtd Ave
Price
   Wtd Ave
Remaining
Life
 
188,844  $12.55-16.54   $14.26    5.91    134,910   $14.01    5.14 
328,500  $16.55    16.55    7.48    128,100    16.55    7.48 
117,500  $16.56-25.00    23.63    9.30    4,000    17.40    7.80 
634,844       $17.18    7.35    267,010   $15.28    6.30 
Schedule of Assumptions of Fair Value of Options Granted

The following table illustrates the assumptions for the Black-Scholes model used in determining the fair value of options granted:

SHARE-BASED COMPENSATION (Details 3)
   Year Ended December 31, 
   2021   2020 
Fair value per option  $5.77   $3.34 
Expected life (years)   6.5    6.5 
Expected stock price volatility   29.92%   31.09%
Expected dividend yield   2.00%   2.00%
Risk-free interest rate   0.97%   0.71%
Expected forfeiture rate   0.00%   0.00%