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EMPLOYEE BENEFITS (Tables)
9 Months Ended
Sep. 30, 2012
Employee Share Awards

Employee share awards for the nine months ended September 30, 2012 are summarized as follows:

 

     Number
of Shares
    Weighted
Average Fair
Value of
the Award
 

Nonvested — January 1

     203,930      $ 20,026   

Granted

     4,363      $ 359   

Vested

     (47,649   $ (4,623
  

 

 

   

Nonvested — September 30

     160,644      $ 16,008   
  

 

 

   
Options
     Number of
Shares
     Weighted
Average
Exercise Price
     Intrinsic
Value of
Shares
 

Outstanding — January 1, 2012

     98,075       $ 40.78       $ 5,631   

Exercised

                       
  

 

 

       

Outstanding — September 30, 2012

     98,075       $ 40.78       $ 5,773   
  

 

 

       
Stock Options Outstanding and Exercisable

Stock options outstanding and exercisable as of September 30, 2012 were as follows:

 

Exercise Price

   Number of
Options
     Weighted
Average
Exercise Price
     Weighted Average
Remaining
Contractual Life
 

$40.78

     98,075       $ 40.78         0.9