PREFERRED STOCK	12 Months Ended
Dec. 31, 2015
PREFERRED STOCK [Abstract]
PREFERRED STOCK	18. PREFERRED STOCK U.S. TREASURY DEPARTMENT'S CAPITAL PURCHASE PROGRAM and CDCI On June 26, 2009, the Company issued 11,735 shares of Series A Fixed Rate Cumulative Perpetual Preferred Stock, having a liquidation preference of $1,000 per share ("Series A Preferred Stock") to the Treasury under the Treasury's Capital Purchase Program for a purchase price of $11,735,000 in cash. On August 20, 2010, the Company completed an exchange of the Series A Preferred Stock for an equal number of shares of Series B Fixed Rate Cumulative Perpetual Preferred Stock, also having a liquidation preference of $1,000 per share, under the Treasury's CDCI. Neither the Series A nor Series B Preferred Stock has any mandatory redemption and/or conversion features. Under the CPP, the Series A Preferred Stock carried a dividend rate of 5% for the first five years after issuance, after which the dividend rate increased to 9% until such time as the Series A Preferred Stock is repurchased or redeemed. Under the CDCI, the Series B Preferred Stock carries a dividend rate of 2% for eight years, after which time the dividend rate increases to 9% until the Series B Preferred Stock is repurchased or redeemed. The Company paid all of the dividends due on the Series A Preferred Stock up to the date of closing of the CDCI exchange on August 20, 2010, and is current in its payment of dividends on the Series B Preferred Stock. SERIES C JUNIOR PATICIPATING PREFERRED STOCK On September 23, 2014, the Board of Directors declared a dividend of one preferred share purchase right for each outstanding share of the Company's common stock, to purchase from the Company one one-hundredth of a share of Series C Junior Participating Preferred Stock, par value $0.01 per share, of the Company at a price of $10.00 per one one-hundredth of a share of preferred stock, subject to adjustment as provided in the associated rights agreement.

PREFERRED STOCK

12 Months Ended

Dec. 31, 2015

18. PREFERRED STOCK

U.S. TREASURY DEPARTMENT'S CAPITAL PURCHASE PROGRAM and CDCI

On June 26, 2009, the Company issued 11,735 shares of Series A Fixed Rate Cumulative Perpetual Preferred Stock, having a liquidation preference of $1,000 per share ("Series A Preferred Stock") to the Treasury under the Treasury's Capital Purchase Program for a purchase price of $11,735,000 in cash. On August 20, 2010, the Company completed an exchange of the Series A Preferred Stock for an equal number of shares of Series B Fixed Rate Cumulative Perpetual Preferred Stock, also having a liquidation preference of $1,000 per share, under the Treasury's CDCI. Neither the Series A nor Series B Preferred Stock has any mandatory redemption and/or conversion features.

Under the CPP, the Series A Preferred Stock carried a dividend rate of 5% for the first five years after issuance, after which the dividend rate increased to 9% until such time as the Series A Preferred Stock is repurchased or redeemed. Under the CDCI, the Series B Preferred Stock carries a dividend rate of 2% for eight years, after which time the dividend rate increases to 9% until the Series B Preferred Stock is repurchased or redeemed. The Company paid all of the dividends due on the Series A Preferred Stock up to the date of closing of the CDCI exchange on August 20, 2010, and is current in its payment of dividends on the Series B Preferred Stock.

SERIES C JUNIOR PATICIPATING PREFERRED STOCK

On September 23, 2014, the Board of Directors declared a dividend of one preferred share purchase right for each outstanding share of the Company's common stock, to purchase from the Company one one-hundredth of a share of Series C Junior Participating Preferred Stock, par value $0.01 per share, of the Company at a price of $10.00 per one one-hundredth of a share of preferred stock, subject to adjustment as provided in the associated rights agreement.