STOCK REPURCHASE PROGRAM

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM

On November 3, 2011, the Company’s Board of Directors authorized a $15.0 million stock repurchase program.  This program does not have an expiration date.  The timing and terms of the purchases are determined by management based on board approved parameters and market conditions, and are conducted in accordance with the applicable rules of the Securities and Exchange Commission.  Common stock repurchased under this program will be retired by the Company.  The Company repurchased 25,300 shares of its common stock at an average cost of $25.76 during the first six months of 2018. No repurchases were made during the first six months of 2017.