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STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

Targeted

Performance-Based

RSUs

Closing

Stock

Price

Time-Based

RSUs

Vesting

Date

Balance at December 31, 2020

7,638

 

9,611

 

 

 

 

 

Issued

3,364

5,247

$

21.90

12/31/2023

Exercised

-

 

(1,588)

 

$

23.67

 

12/31/2020

Exercised

(1,562)

-

$

21.75

12/31/2021

Balance at December 31, 2021

9,440

 

13,270

 

 

 

 

 

Forfeited

(1,685)

(4,325)

Exercised

(4,391)

 

(4,244)

 

$

17.18

 

12/31/2022

Balance at December 31, 2022

3,364

4,701

Share-Based Compensation Arrangements by Share-Based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]

Closing

Stock

Price

 

Vesting

Date

Options

Balance at December 31, 2021

-

 

 

 

 

 

Issued

40,577

$

21.20

4/11/2023

Issued

40,583

 

$

21.20

 

4/11/2024

Issued

40,583

$

21.20

4/11/2025

Balance at December 31, 2022

121,743

 

 

 

 

 

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

2022 Grants

Exercise Price

$

21.20

Risk-Free Rate of Interest

1.515%

Expected Term (Years)

 

10

Expected Stock Price Volatility

18.1%

Dividend Yield

 

2.44%

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Number of

Shares

Weighted

Average

Exercise Price

Weighted

Average

Remaining

Term (Years)

Aggregate

Intrinsic

Value

(in Thousands)

Outstanding as of December 31, 2021

-

 

$

-

 

-

 

$

-

Granted

121,743

21.20

9.28

-

Forfeited

-

 

 

-

 

-

 

 

-

Outstanding as of December 31, 2022

121,743

$

21.20

9.28

$

-

 

 

 

 

 

 

 

 

 

 

Options Vested and Exercisable as of
December 31, 2022

-

$

-

-

$

-