STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

STOCKHOLDERS' EQUITY [Abstract]

Options granted, exercised, or expired

A summary of stock option activity follows:

	Number of Shares			Weighted-Average Exercise Price Per Share
Outstanding, January 1, 2014		291,000		$	16.18
Granted		-			-
Exercised		(18,735	)	$	13.18
Forfeited or expired		(21,165	)	$	16.95
Outstanding, December 31, 2014		251,100		$	16.33
Granted		-			-
Exercised		(39,334	)	$	13.71
Forfeited or expired		(26,666	)	$	24.39
Outstanding, December 31, 2015		185,100		$	15.73
Granted		-			-
Exercised		(11,300	)	$	17.82
Forfeited or expired		(3,000	)	$	34.95
Outstanding, December 31, 2016		170,800		$	15.26

Summary of options outstanding and exercisable

The following summarizes shares subject to purchase from stock options outstanding and exercisable as of December 31, 2016:

		Outstanding					Exercisable
Range of Exercise Prices		Shares		Weighted-Average  Remaining  Contractual Life	Weighted-Average Exercise Price		Shares		Weighted-Average  Remaining  Contractual Life	Weighted-Average Exercise Price
$	10.00 - $14.00		81,700	5.1 years	$	11.53		81,700	5.1 years	$	11.53
$	14.01 - $20.00		83,100	6.6 years	$	17.80		83,100	6.6 years	$	17.80
$	20.01 - $30.00		2,000	2.1 years	$	28.30		2,000	2.1 years	$	28.30
$	30.01 - $40.00		4,000	0.6 years	$	32.04		4,000	0.6 years	$	32.04
			170,800	5.7 years	$	15.26		170,800	5.7 years	$	15.26

Summary of restricted stock activity

A summary of restricted stock activity follows:

	Number of Shares			Weighted-Average Grant-Date Fair Value
Unvested, January 1, 2014		-			-
Granted		77,000		$	22.51
Vested		-			-
Forfeited or expired		(4,650	)	$	22.51
Unvested, December 31, 2014		72,350		$	22.51
Granted		71,612		$	23.18
Vested		(25,948	)	$	22.55
Forfeited or expired		(9,941	)	$	22.61
Unvested, December 31, 2015		108,073		$	22.94
Granted		59,371		$	26.62
Vested		(48,899	)	$	22.98
Forfeited or expired		(4,465	)	$	23.43
Unvested, December 31, 2016		114,080		$	24.81