STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation [Table Text Block]

The following tables provide information on stock-based compensation expense for 2015, 2014, and 2013.

(Dollars in thousands)	2015		2014		2013
Stock-based compensation expense	$	283	$	87	$	78
Excess tax expense related to stock-based compensation		3		-		26

	December 31,
(Dollars in thousands)	2015		2014		2013
Unrecognized stock-based compensation expense	$	14	$	59	$	136
Weighted average period unrecognized expense is expected to be recognized		0.3 years		0.8 years		1.7 years

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The following table summarizes restricted stock award activity for the Company under the 2006 Equity Plan for the three years ended December 31, 2015.

	Year Ended December 31, 2015				Year Ended December 31, 2014				Year Ended December 31, 2013
	Number		Weighted Average Grant Date		Number		Weighted Average Grant Date		Number		Weighted Average Grant Date
	of Shares		Fair Value		of Shares		Fair Value		of Shares		Fair Value
Nonvested at beginning of year		14,251	$	8.51		13,930	$	8.33		6,548	$	14.89
Granted		12,647		9.21		3,654		9.57		13,930		8.33
Vested		(14,410)		8.93		(3,333)		8.93		(6,548)		14.89
Cancelled		-		-		-		-		-		-
Nonvested at end of year		12,488	$	8.74		14,251	$	8.51		13,930	$	8.33

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option activity for the Company under the 2006 Equity Plan for the three years ended December 31, 2015.

	Year Ended December 31, 2015				Year Ended December 31, 2014				Year Ended December 31, 2013
	Number		Weighted Average		Number		Weighted Average		Number		Weighted Average
	of shares		Exercise Price		of shares		Exercise Price		of shares		Exercise Price
Outstanding at beginning of year		27,108	$	6.64		40,662	$	6.64		54,216	$	6.64
Granted		34,219		9.18		-		-		-		-
Exercised		-		-		(3,593)		6.64		-		-
Expired/Cancelled		-		-		(9,961)		6.64		(13,554)		6.64
Outstanding at end of year		61,327	$	8.05		27,108	$	6.64		40,662	$	6.64
Exercisable at end of year		44,218	$	7.62		-	$	-		-	$	-

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following weighted average assumptions were used as inputs to the Black-Scholes valuation model for options granted in 2015.

 

Dividend yield	0	%
Expected volatility	32	%
Risk-free interest rate	1.97	%
Expected contract life (in years)	7