EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2013

EARNINGS PER SHARE [Abstract]

Analysis of Basic and Diluted Earnings Per Share

The following is an analysis of basic and diluted earnings per share ("EPS"), reflecting the application of the two-class method, as described below:

	Three Months Ended March 31,
	2013			2012
Net income	$	5,662		$	6,583
Dividends and undistributed earnings allocated to participating securities (1)		(10	)		(11	)
Net income available to common shareholders	$	5,652		$	6,572
Weighted-average common shares outstanding for basic EPS		7,627,691			7,672,039
Dilutive effect of stock-based awards (2)		15,576			14,894
Weighted-average common and potential common shares for diluted EPS		7,643,267			7,686,933
Earnings per common share:
Basic EPS	$	0.74		$	0.86
Diluted EPS	$	0.74		$	0.86

(1) Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.

(2) Represents the effect of the assumed exercise of stock options, vesting of restricted shares, and vesting of restricted stock units, based on the treasury stock method.