STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2015

STOCK PLANS AND STOCK BASED COMPENSATION

Schedule of weighted average assumptions as of grant date used to determine fair value of options granted

	2015	2014		2013
Risk-free interest rate	NA	2.08	%	1.35	%
Expected term (years)	NA	7.00		7.00
Expected stock price volatility	NA	28.04	%	33.93	%
Dividend yield	NA	2.49	%	1.77	%

Summary of stock option activity

				Weighted
				Average
		Weighted		Remaining
		Average		Contractual	Aggregate
		Exercise		Term	Intrinsic
Options (restated for stock dividends and splits)	Shares	Price		(years)	Value
Outstanding, beginning of year	377,790	$	13.46
Granted	—		—
Exercised	(25,075)		10.40
Forfeited or expired	(42,050)		19.84
Outstanding at end of year	310,665	$	12.83	4.2	$	3,123
Exercisable at year end	269,415	$	12.48	3.6	$	2,801
Fully vested and expected to vest	307,958	$	12.81	4.2	$	3,102

Schedule of information related to the 2007 stock incentive plan and the 2003 plan

	2015		2014		2013
Intrinsic value of options exercised	$	244	$	55	$	265
Cash received from option exercises		294		66		389
Tax benefit realized from option exercises		31		—		25
Weighted average (per share) fair value of options granted		NA		3.78		4.16

Summary of changes in the nonvested shares

		Weighted Average
	Restricted	Grant Date
	Shares	Fair Value
Nonvested at January 1, 2015	91,923	$	14.88
Granted	28,955		19.57
Vested	(18,247)		12.71
Forfeited	(1,000)		18.06
Nonvested at December 31, 2015	101,631	$	16.57

Schedule of shares awarded by quarter

Quarter		Shares	Price per Share
2013	1Q	7,200	$	13.38
	2Q	26,100	$	13.79
2014	2Q	21,780	$	16.53
2015	2Q	14,084	$	19.89
	4Q	1,341	$	19.89