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STOCK COMPENSATION EXPENSE (Tables)
 12 Months Ended
Dec. 31, 2016
STOCK COMPENSATION EXPENSE [Abstract]  
Assumption Used in the Black-Scholes Option-pricing Model
The assumptions used in the Black-Scholes option-pricing model are as follows

  
2016
  
2015
  
2014
 
Risk-free interest rate
  
1.41
%
  
1.41
%
  
2.78
%
Expected option life (yrs)
  
5.00
   
5.00
   
10.00
 
Expected stock price volatility
  
16.48
%
  
17.20
%
  
31.19
%
Dividend yield
  
4.03
%
  
3.53
%
  
3.33
%
Weighted average fair value of options granted during the year
 
$
1.06
  
$
1.25
  
$
3.40
 
Summary of Stock Option Activity
A summary of the Company's stock option activity is as follows:
 
  
----------2016----------
  ----------2015----------  ----------2014----------  
     
Options
  Weighted
Average
Exercise
Price
   
Options
    Weighted
Average
Exercise
Price
   
Options
  Weighted
Average
Exercise
Price
 
            
Outstanding at beginning of year
  
274,030
  
$
10.56
   
301,336
   $
10.05
   
389,709
  
$
8.95
 
Grants
  
55,990
   
13.55
   
52,415
    
13.38
   
50,930
   
13.12
 
Exercises
  
(96,880
)
  
9.12
   
(50,700
)
   
9.19
   
(130,357
)
  
8.05
 
Forfeitures or expired
  
(29,150
)
  
14.27
   
(29,021
)
   
12.74
   
(8,946
)
  
8.43
 
Outstanding at year-end
  
203,990
  
$
11.54
   
274,030
   $
10.56
   
301,336
  
$
10.05
 
                          
Exercisable at year-end
  
113,090
  
$
10.02
   
191,161
   $
9.59
   
185,375
  
$
9.70
 
Weighted average remaining life
  
5.3
       
4.5
        
6.1
     
Stock Option Activity by Range of Exercise Prices
Additional information regarding stock options outstanding and exercisable at December 31, 2016 is provided in the following table:

   
- - - - - - - - Outstanding - - - - - - - -
  
- - - - - - - - Currently Exercisable - - - - - - - -
 
Range of Exercise Prices
  
Number
  
Weighted Average Exercise Price
  
Aggregate Intrinsic Value
  
Number
  
Weighted Average Remaining Contractual Life
  
Weighted Average Exercise Price
  
Aggregate Intrinsic Value
 
                       
$5.00 to $7.50
   
1,100
  
$
5.96
  
$
16
   
1,100
   
2.1
  
$
5.95
  
$
16
 
$7.51 to $10.00
   
42,475
   
6.98
   
557
   
42,475
   
4.4
   
6.98
   
557
 
$10.01 to $12.50
   
37,070
   
10.82
   
344
   
37,070
   
4.5
   
10.82
   
344
 
$12.51 to $15.00
   
123,345
   
13.38
   
829
   
32,445
   
7.6
   
13.21
   
223
 
Outstanding at Dec 31, 2016
   
203,990
   
11.54
  
$
1,746
   
113,090
   
5.3
   
10.02
  
$
1,140