STOCK COMPENSATION PLANS (Tables)

3 Months Ended

Mar. 31, 2016

STOCK COMPENSATION PLANS

Summary of changes in nonvested shares

		Weighted Average
	Number	Grant Date
	Outstanding	Fair Value
Nonvested balance at January 1, 2016	114,435	$	10.72
Granted during the year	35,733		9.91
Vested during the year	(22,626)		12.20
Nonvested balance at March 31, 2016	127,542	$	10.23

Summary of stock option transactions

	March 31,		December 31,		March 31,
	2016		2015		2015
Outstanding shares at beginning of year		10,000		20,000		20,000
Granted during the year		—		—		—
Exercised during the year		—		—		—
Expired during the year		—		(10,000)		—
Outstanding shares at end of period		10,000		10,000		20,000
Exercisable shares at end of period		2,000		2,000		4,000
Weighted average exercise price per share at end of period	$	12.00	$	12.00	$	11.33
Shares available for grant at end of period		—		—		—

Summary of the options outstanding and exercisable

					Weighted Average
Exercise		Number			Remaining
Price		Outstanding	Exercisable	Unvested Options	Contractual Life-Years
$	12.00	10,000	2,000	8,000	.75