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STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the activity in the stock option plan as of December 31, 2013 and changes during the period then ended follows:

						Weighted-
				Weighted-		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Shares			Price		Term (years)		Value
Outstanding at beginning of the year		119,260		$	21.74
Granted		0			0.00
Exercised		(48,260	)		20.04
Forfeited		0			0
Outstanding at end of the year		71,000		$	22.89		3.4	$	1,143,663
Options exercisable at end of the year		71,000		$	22.89		3.4	$	1,143,663

Schedule of Information on Stock Awards Exercised

The following table presents information on stock awards exercised for the years ended December 31, 2013, 2012 and 2011.

(dollars in thousands)	2013		2012		2011
Total intrinsic value	$	589	$	541	$	489
Cash received		757		782		330
Actual tax benefit realized for tax deductions		146		112		138

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the changes in the Company’s nonvested shares for the year follows:

				Weighted- Average
				Grant-Date
Nonvested Shares	Shares			Fair Value
Nonvested at January 1, 2013		7,150		$	25.37
Granted		13,750			28.05
Vested		(13,750	)		28.05
Forfeited		0			0.00
Nonvested at December 31, 2013		7,150		$	25.37

Schedule of Nonvested Performance-based Units Activity

Shares granted below include the number of shares assumed granted based on meeting the performance criteria of the 2013-2015, 2012-2014 and 2011-2013 Long-Term Incentive Plans at December 31, 2013.

				Weighted- Average
				Grant-Date
Nonvested Shares	Shares			Fair Value
Nonvested at January 1, 2013		141,309		$	19.91
Granted		80,179			23.56
Vested		(44,894	)		15.59
Forfeited		0			0.00
Nonvested at December 31, 2013		176,594		$	22.67

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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