STOCK COMPENSATION PLANS (Tables)

3 Months Ended

Mar. 31, 2015

STOCK COMPENSATION PLANS

Summary of changes in nonvested shares

			Weighted Average
	Number		Grant Date
	Outstanding		Fair Value
Nonvested balance at January 1, 2015	127,024		$	10.07
Granted during the period	37,730		11.15
Vested during the period	(13,194	)	12.95
Nonvested balance at March 31, 2015	151,560		$	10.09

Summary of stock option transactions

	March 31,		December 31,			March 31,
	2015		2014			2014
Outstanding shares at beginning of year	20,000		237,152			237,152
Granted during the period	—		—			—
Exercised during the period	—		(70,502		)	—
Expired / forfeited during the period	—		(146,650		)	—
Outstanding shares at end of period	20,000		20,000			237,152
Exercisable shares at end of period	4,000		4,000			124,861
Weighted average exercise price per share at end of period	$	11.33	$	11.33		$	9.88
Shares available for grant at end of period	—		—			—

Summary of the options outstanding and exercisable

Following is a summary of the options outstanding and exercisable at March 31, 2015:

					Weighted Average
Exercise		Number			Remaining
Price		Outstanding	Exercisable	Unvested Options	Contractual Life-Years
$	10.65	10,000	2,000	8,000	.29
$	12.00	10,000	2,000	8,000	.71
		20,000	4,000	16,000	.50