STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2014

STOCK-BASED COMPENSATION [Abstract]

Summary of stock option activity

A summary of stock option activity follows:

	Number of Shares			Weighted-Average Exercise Price Per Share
Outstanding, January 1, 2014		291,000		$	16.18
Granted		-			-
Exercised		(3,334	)	$	14.97
Forfeited or expired		(9,166	)	$	20.27
Outstanding, June 30, 2014		278,500		$	16.06

Summary of options outstanding and exercisable

The following summarizes shares subject to purchase from stock options outstanding and exercisable as of June 30, 2014:

		Outstanding					Exercisable
Range of Exercise Prices		Shares		Weighted-Average Remaining  Contractual Life	Weighted-Average Exercise Price		Shares		Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price
$	10.00 - $14.00		140,000	7.7 years	$	12.01		56,670	7.8 years	$	12.74
$	14.01 - $20.00		111,500	9.0 years	$	17.31		11,668	8.7 years	$	14.92
$	20.01 - $30.00		5,000	4.6 years	$	28.30		5,000	4.6 years	$	28.30
$	30.01 - $40.00		22,000	2.1 years	$	32.69		22,000	2.1 years	$	32.69
			278,500	7.7 years	$	16.06		95,338	6.4 years	$	18.43

Summary of restricted stock activity

A summary of restricted stock activity follows:

	Number of Shares			Weighted-Average Grant-Date Fair Value
Nonvested, January 1, 2014		-			-
Granted		77,000		$	22.51
Vested		-			-
Forfeited or expired		(250	)	$	22.51
Nonvested, June 30, 2014		76,750		$	22.51