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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Computation of earnings per share
The following table sets forth the computation of earnings per share.  Earnings per share calculations give retroactive effect to stock dividends declared by the Company.
 
 
2013
2012
2011
 
     
Basic earnings per share computation:
     
Net income applicable to common stock
$13,375,000
$14,215,000
$12,832,000
Weighted average common shares outstanding
                  3,025,315
                  3,056,078
          3,087,221
Earnings per share – basic
$4.42
$4.65
$4.16
       
Diluted earnings per share computation:
     
Net income applicable to common stock
$13,375,000
$14,215,000
$12,832,000
       
Weighted average common shares outstanding for basic earnings per share
                  3,025,315
                  3,056,078
          3,087,221
Add: Dilutive effects of restricted stock
                         1,170
                         1,642
                         -
Weighted average common shares outstanding for dilutive earnings per share
                  3,026,485
                  3,057,720
          3,087,221
Earnings per share – dilutive
$4.42
$4.65
$4.16