STOCK COMPENSATION PLAN (Tables)

9 Months Ended

Sep. 30, 2017

STOCK COMPENSATION PLAN [Abstract]

Summary of the Status of the Stock Option Plan

A summary of the status of the Company’s stock option plan and the change during the nine months ended September 30, 2017 is presented below:

	For the nine months ended
	September 30, 2017
	Number of Options	Weighted Average Exercise Price
Outstanding, beginning of period	276,500	$	19.97
Granted	-		-
Exercised	-		-
Cancelled/forfeited	-		-
Outstanding, end of year	276,500	$	19.97
Options vested and exercisable at period-end	276,500	$	19.97
Weighted average fair value of options
granted during the year		$	-
Weighted average remaining contractual
life (years)			5.74

Summary of Stock Options Outstanding

The following table summarizes information about stock options outstanding at September 30, 2017:

	Options Outstanding
		Weighted
Range of		Average	Weighted
Average	Number	Remaining	Average
Exercise	Outstanding at	Contractual	Exercise
Prices	September 30, 2017	Life	Price
$10 - 20	231,000	6.64	$	18.00
$21 - 30	45,500	1.15	$	30.00
$10 - 30	276,500	5.74	$	19.97

Summary of Non-Vested Restricted Stock Awards

The following table summarizes the changes in the Company’s non-vested restricted stock awards for the nine months ended September 30, 2017:

		Weighted
	Number of	Average Grant
	Shares	Date Fair Value
Outstanding, January 1, 2017	64,638	$	20.42
Granted	31,616		21.00
Forfeited	(3,167)		18.00
Vested	(4,000)		21.00
Outstanding at  September 30, 2017	89,087	$	20.69