STOCK COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2018

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

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

A summary of the status of the Company’s Stock Incentive Plan at December 31, 2018, 2017, and 2016, and changes during the years then ended is presented in the table and narrative following:

	YEAR ENDED DECEMBER 31
	2018					2017					2016
	SHARES			WEIGHTED AVERAGE EXERCISE PRICE		SHARES			WEIGHTED AVERAGE EXERCISE PRICE		SHARES			WEIGHTED AVERAGE EXERCISE PRICE
Outstanding at beginning of year		360,721		$	2.85		417,566		$	2.76		470,449		$	2.74
Granted		5,000			4.22		17,500			3.96		54,000			3.03
Exercised		(24,408	)		2.49		(64,112	)		2.49		(32,661	)		2.27
Forfeited		(5,000	)		1.92		(10,233	)		3.10		(74,222	)		3.04
Outstanding at end of year		336,313			2.91		360,721			2.85		417,566			2.76
Exercisable at end of year		307,814			2.86		308,301			2.79		328,062			2.69
Weighted average fair value of options granted in current year				$	0.56				$	1.12				$	0.93

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

The fair value of each option grant is estimated on the date of grant using the Binomial or Black-Scholes option pricing model with the following assumptions used for grants in 2018, 2017, and 2016.

	YEAR ENDED DECEMBER 31
PRICING MODEL ASSUMPTION RANGES	2018		2017		2016
Risk-free interest rate		3.13%		2.23 – 2.38%		1.56 – 1.73%
Expected lives in years		10		10		10
Expected volatility		15.59%		28.09 – 28.84%		29%
Expected dividend rate		1.90%		1.50%		1.35 – 1.81%