STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2018

Stockholders' Equity [Abstract]

Summary of Changes in Restricted Shares

A summary of changes in the Company’s restricted shares of common stock for the three and six months ended June 30, 2018 and 2017 is as follows:

	Three months ended				Three months ended
	June 30, 2018				June 30, 2017
			Weighted				Weighted
			average grant				average grant
	Shares		date fair value		Shares		date fair value
Nonvested at March 31,		195,502	$	21.32		120,001	$	20.10
Granted		57,333		19.52		111,414		22.59
Vested		(80,336)		18.46		(28,913)		21.26
Forfeited		-		-		-		-
Nonvested at June 30,		172,499	$	18.37		202,502	$	21.33

	Six months ended				Six months ended
	June 30, 2018				June 30, 2017
			Weighted				Weighted
			average grant				average grant
	Shares		date fair value		Shares		date fair value
Nonvested at December 31,		185,002	$	21.58		120,001	$	20.10
Granted		75,333		19.18		111,414		22.59
Vested		(87,836)		18.53		(28,913)		21.26
Forfeited		-		-		-		-
Nonvested at June 30,		172,499	$	18.37		202,502	$	21.33