XML 45 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2016
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.
  
2016
  
2015
  
2014
 
Basic earnings per share computation:
         
Net income applicable to common stock
 
$
12,638,000
  
$
11,626,000
  
$
13,385,000
 
Weighted average common shares outstanding
  
3,341,933
   
3,063,906
   
3,070,922
 
Earnings per share - basic
 
$
3.78
  
$
3.79
  
$
4.36
 
 
            
Diluted earnings per share computation:
            
Net income applicable to common stock
 
$
12,638,000
  
$
11,626,000
  
$
13,385,000
 
Weighted average common shares outstanding for basic earnings per share
  
3,341,933
   
3,063,906
   
3,070,922
 
Add: Dilutive effects of restricted stock
  
1,556
   
1,360
   
1,295
 
Weighted average common shares outstanding for dilutive earnings per share
  
3,343,489
   
3,065,266
   
3,072,217
 
Earnings per share - dilutive
 
$
3.78
  
$
3.79
  
$
4.36