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PENSION PLAN AND OTHER BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2013
Pension Plan [Member]
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Change in benefit obligation
Change in projected benefit obligation:
 
2013
  
2012
 
Benefit obligation at beginning of year
 
$
38,051,477
  
$
32,526,033
 
Service cost
  
1,194,869
   
1,073,938
 
Interest cost
  
1,587,037
   
1,605,912
 
Actuarial (gain) loss
  
(3,269,422
)
  
4,213,664
 
Benefits paid
  
(1,378,161
)
  
(1,368,070
)
Benefit obligation at end of year
 
$
36,185,800
  
$
38,051,477
 
Change in plan assets
Change in plan assets:
 
2013
  
2012
 
Fair value of plan assets at beginning of year
 
$
37,238,650
  
$
35,015,567
 
Actual return on plan assets
  
5,921,515
   
3,591,153
 
Employer contributions
  
-
   
-
 
Benefits paid
  
(1,378,161
)
  
(1,368,070
)
Fair value of plan assets at end of year
 
$
41,782,004
  
$
37,238,650
 
 
        
Funded status
 
$
5,596,204
  
$
(812,827
)
Changes in accumulated postretirement benefit obligation
Amount recognized in accumulated other comprehensive income at December 31, 2013 and 2012 consist of the following:

 
 
2013
  
2012
 
Net actuarial loss
 
$
9,842,829
  
$
17,789,018
 
Prior service cost
  
21,958
   
35,814
 
Total before tax effects
 
$
9,864,787
  
$
17,824,832
 
Assumptions used in determining benefit obligation
The principal actuarial assumptions used in determining the projected benefit obligation as of December 31, 2013, 2012 and 2011 were as follows:

 
 
2013
  
2012
  
2011
 
Discount rate
  
4.92
%
  
4.26
%
  
4.95
%
Assumed rate of future compensation increase
  
5.00
%
  
5.00
%
  
5.00
%
Components of net periodic benefit cost and other amounts recognized in other comprehensive income
Components of net periodic benefit cost and other amounts recognized in other comprehensive income in 2013, 2012 and 2011 consist of the following:

Net periodic benefit cost
 
2013
  
2012
  
2011
 
Service cost, benefits earned during the year
 
$
1,194,869
  
$
1,073,938
  
$
993,364
 
Interest cost on projected benefit obligation
  
1,587,037
   
1,605,912
   
1,569,151
 
Expected return on plan assets
  
(2,824,014
)
  
(2,742,609
)
  
(2,340,373
)
Amortization of net loss
  
1,579,266
   
1,410,144
   
706,419
 
Amortization of  prior service cost
  
13,856
   
13,856
   
29,873
 
Net periodic cost
 
$
1,551,014
  
$
1,361,241
  
$
958,434
 

Other changes in plan assets and benefit obligations recognized in other comprehensive income:
 
2013
  
2012
  
2011
 
Net actuarial (gain) loss
 
$
(6,366,923
)
 
$
3,365,120
  
$
6,815,617
 
Recognized loss
  
(1,579,266
)
  
(1,410,144
)
  
(706,419
)
Amortization of prior service cost
  
(13,856
)
  
(13,856
)
  
(29,873
)
Total recognized in other comprehensive (loss) income (before tax effect)
 
$
(7,960,045
)
 
$
1,941,120
  
$
6,079,325
 
Total recognized in net benefit cost and other comprehensive (loss) income (before tax effect)
 
$
(6,409,031
)
 
$
3,302,361
  
$
7,037,759
 
Amounts expected to be recognized in net periodic cost
Amounts expected to be recognized in net periodic cost during 2014
 
 
Loss recognition
 
$
639,349
 
Prior service cost recognition
 
$
7,320
 
 
Assumptions used in determining net periodic benefit cost
The principal actuarial assumptions used in determining the net periodic benefit cost for the years ended December 31, 2013, 2012 and 2011 were as follows:

 
 
2013
  
2012
  
2011
 
Discount rate
  
4.26
%
  
4.95
%
  
5.65
%
Expected long-term rate of return on assets
  
7.75
%
  
8.00
%
  
8.00
%
Assumed rate of future compensation increase
  
5.00
%
  
5.00
%
  
5.00
%
Target Assets Allocations
The expected return on plan assets was determined based on a Capital Asset Pricing Model ("CAPM") using historical and expected future returns of the various asset classes, reflecting the target allocations described below.

Asset Class
 
Target
Allocation
2013
  
Percentage of Plan Assets at
December 31,
  
Expected Long-
Term Rate of
Return
 
 
 
  
  
  
 
 
 
  
2013
  
2012
  
 
Large Cap Domestic Equities
  
30% - 60
%
  
54
%
  
51
%
  
10.3
%
Mid-Cap Domestic Equities
  
0% - 20
%
  
8
%
  
7
%
  
10.6
%
Small-Cap Domestic Equities
  
0% - 15
%
  
3
%
  
2
%
  
10.8
%
International Equities
  
0% - 25
%
  
4
%
  
4
%
  
10.3
%
Intermediate Fixed Income
  
20% - 50
%
  
26
%
  
31
%
  
4.7
%
Alternative Assets
  
0% - 10
%
  
3
%
  
3
   
7.5
%
Cash
  
0% - 20
%
  
2
%
  
2
%
  
2.5
%
Total
      
100
%
  
100
%
    
Fair value of the plan assets
The fair value of the plan assets at December 31, 2013 and 2012, by asset class are as follows:

  
Fair Value Measurement at December 31, 2013 Using
 
Plan Assets:
 
Carrying Value
  
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Cash
 
$
981,992
  
$
981,992
  
$
-
  
$
-
 
Equity securities:
                
U.S. companies
  
27,169,984
   
27,169,984
   
-
   
-
 
International companies`
  
-
   
-
   
-
   
-
 
 
                
Mutual Funds
  
7,288,242
   
7,288,242
   
-
   
-
 
 
                
Debt securities:
                
U.S. Treasuries/Government bonds
  
3,308,718
   
3,308,718
   
-
   
-
 
U.S. Corporate bonds
  
2,770,935
   
-
   
2,770,935
   
-
 
Foreign bonds, notes & debentures
  
262,133
   
-
   
262,133
   
-
 
Total plan assets
 
$
41,782,004
  
$
38,748,936
  
$
3,033,068
  
$
-
 

  
Fair Value Measurement at December 31, 2012 Using
 
Plan Assets:
 
Carrying Value
  
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Cash
 
$
703,229
  
$
703,229
  
$
-
  
$
-
 
Equity securities:
                
U.S. companies
  
21,579,185
   
21,579,185
   
-
   
-
 
International companies
  
629,883
   
629,883
   
-
   
-
 
 
                
Mutual Funds
  
7,217,760
   
7,217,760
   
-
   
-
 
 
                
Debt securities:
                
U.S. Treasuries/Government bonds
  
3,468,448
   
3,468,448
   
-
   
-
 
U.S. Corporate bonds
  
3,371,255
   
-
   
3,371,255
   
-
 
Foreign bonds, notes & debentures
  
268,890
   
-
   
268,890
   
-
 
Total plan assets
 
$
37,238,650
  
$
33,598,505
  
$
3,640,145
  
$
-
 
Estimated benefit payments
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the pension plan:

Calendar Year
 
Future Expected Benefit Payments
 
2014
 
$
1,699,649
 
2015
 
$
1,751,122
 
2016
 
$
1,838,606
 
2017
 
$
1,946,144
 
2018
 
$
2,036,469
 
2019-2023
 
$
11,305,023
 
Defined Benefit Health Care Plan [Member]
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Change in benefit obligation
Changes in accumulated postretirement benefit obligation:
 
2013
  
2012
 
Accumulated postretirement benefit obligation at beginning of year
 
$
1,534,161
  
$
1,391,822
 
Service cost
  
44,000
   
39,000
 
Interest cost
  
66,000
   
71,000
 
Participant contributions
  
73,980
   
65,161
 
Actuarial (gain) loss
  
(60,855
)
  
177,966
 
Benefits paid
  
(167,172
)
  
(210,788
)
Accumulated postretirement benefit obligation at end of year
 
$
1,490,114
  
$
1,534,161
 
Change in plan assets
Changes in plan assets:
 
2013
  
2012
 
Fair value of plan assets at beginning of year
 
$
-
  
$
-
 
Employer contributions
  
74,730
   
74,730
 
Benefits paid
  
(74,730
)
  
(74,730
)
Fair value of plan assets at end of year
 
$
-
  
$
-
 
Unfunded status
 
$
(1,115,736
)
 
$
(1,161,479
)
Amount recognized in accumulated other comprehensive income
Amount recognized in accumulated other comprehensive income at December 31, 2013 and 2012 consist of the following:

 
 
2013
  
2012
 
Net actuarial loss
 
$
148,081
  
$
218,936
 
Prior service benefit
  
(628,000
)
  
(725,000
)
Total before tax effects
 
$
(479,919
)
 
$
(506,064
)
Weighted-average assumption for disclosure
Weighted-average assumption for disclosure as of December 31,:
 
2013
  
2012
  
2011
 
Discount rate
  
4.92
%
  
4.26
%
  
4.95
%
Health care cost trend: Initial
  
8.00
%
  
9.00
%
  
10.00
%
Health care cost trend: Ultimate
  
5.00
%
  
5.00
%
  
5.00
%
Year ultimate cost trend reached
  
2018
   
2018
   
2018
 
Components of net periodic benefit cost and other amounts recognized in other comprehensive income
The components of net periodic postretirement benefit cost for the years ended December 31, 2013, 2012 and 2011 are as follows:

Net periodic benefit cost
 
2013
  
2012
  
2011
 
Service cost
 
$
44,000
  
$
39,000
  
$
35,000
 
Interest cost
  
66,000
   
71,000
   
72,000
 
Amortization of  prior service benefit
  
(97,000
)
  
(97,000
)
  
(97,000
)
Recognized actuarial loss
  
10,000
   
1,000
   
-
 
Net periodic postretirement cost
 
$
23,000
  
$
14,000
  
$
10,000
 

Other changes in plan assets and benefit obligations recognized in other comprehensive income:
 
2013
  
2012
  
2011
 
Net actuarial (gain) loss
 
$
(60,855
)
 
$
177,966
  
$
19,705
 
Recognized actuarial loss
  
(10,000
)
  
(1,000
)
  
-
 
Amortization of  prior service benefit
  
97,000
   
97,000
   
97,000
 
Total recognized in other comprehensive income (before tax effect)
 
$
26,145
  
$
273,966
  
$
116,705
 
Total recognized in net benefit cost and other comprehensive income (before tax effect)
 
$
49,145
  
$
287,966
  
$
126,705
 
Amounts expected to be recognized in net periodic cost
Amounts expected to be recognized in net periodic cost during 2014:
 
 
Loss recognition
 
$
-
 
Prior service cost recognition
 
$
(97,000
)
Effect of one-percentage point change in assumed health care cost trend rates
Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plan.  A one-percentage point change in assumed health care cost trend rates would have the following effects:

Effect of a 1% increase in health care trend rate on:
 
2013
  
2012
  
2011
 
Benefit obligation
 
$
15,000
  
$
4,000
  
$
10,000
 
Total service and interest cost
 
$
300
  
$
(100
)
 
$
700
 

Effect of a 1% decrease in health care trend rate on:
 
2013
  
2012
  
2011
 
Benefit obligation
 
$
(23,000
)
 
$
(5,000
)
 
$
(11,000
)
Total service and interest cost
 
$
(1,500
)
 
$
(500
)
 
$
(500
)
Weighted-average assumption for net periodic cost
Weighted-average assumptions for net periodic cost as of December 31,:
 
2013
  
2012
  
2011
 
Discount rate
  
4.26
%
  
4.95
%
  
5.65
%
Health care cost trend: Initial
  
9.00
%
  
10.00
%
  
14.00
%
Health care cost tread: Ultimate
  
5.00
%
  
5.00
%
  
5.00
%
Year ultimate reached
  
2018
   
2018
   
2020
 
Estimated benefit payments
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten:

Calendar Year
 
 
2014
 
$
144,000
 
2015
 
$
154,000
 
2016
 
$
143,000
 
2017
 
$
132,000
 
2018
 
$
150,000
 
2019-2023
 
$
680,000
 
Executive Supplemental Pension Plan [Member]
  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Change in benefit obligation
Change in benefit obligation:
 
2013
  
2012
 
Benefit obligation at beginning of year
 
$
1,161,749
  
$
1,069,490
 
Service cost
  
40,015
   
34,770
 
Interest cost
  
47,899
   
51,091
 
Actuarial (gain) loss
  
(59,197
)
  
81,128
 
Benefits paid
  
(74,730
)
  
(74,730
)
Projected benefit obligation at end of year
 
$
1,115,736
  
$
1,161,749
 
Amount recognized in accumulated other comprehensive income
Amounts recognized in accumulated other comprehensive income at December 31, 2013 and 2012 consist of the following:

 
 
2013
  
2012
 
Net actuarial loss
 
$
194,181
  
$
287,679
 
Prior service cost
  
-
   
-
 
Total before tax effects
 
$
194,181
  
$
287,679
 
Assumptions used in determining benefit obligation
Accumulated benefit obligation at December 31, 2013 and 2012 was $1,042,253 and $1,092,439, respectively.

Weighted-average assumption for disclosure as of December 31,:
 
2013
  
2012
  
2011
 
Discount rate
  
4.92
%
  
4.26
%
  
4.95
%
Assumed rate of future compensation increase
  
5.00
%
  
5.00
%
  
5.00
%
Components of net periodic benefit cost and other amounts recognized in other comprehensive income
The components of net periodic benefit cost for the years ended December 31, 2013, 2012 and 2011 are as follows:

Net periodic benefit cost
 
2013
  
2012
  
2011
 
Service cost
 
$
40,015
  
$
34,770
  
$
30,625
 
Interest cost
  
47,899
   
51,091
   
53,771
 
Recognized actuarial loss
  
34,301
   
19,920
   
9,466
 
Net periodic postretirement benefit cost
 
$
122,215
  
$
105,781
  
$
93,862
 

Other changes in plan assets and benefit obligation recognized in other comprehensive income:
 
2013
  
2012
  
2011
 
Net actuarial (gain) loss
 
$
(59,197
)
 
$
81,128
  
$
70,771
 
Recognized actuarial loss
  
(34,301
)
  
(19,920
)
  
(9,466
)
Total recognized in other comprehensive income (before tax effect)
 
$
(93,498
)
 
$
61,208
  
$
61,305
 
 
            
Total recognized in net benefit cost and other comprehensive income (before tax effect)
 
$
28,717
  
$
166,989
  
$
155,167
 
Amounts expected to be recognized in net periodic cost
Amounts expected to be recognized in net periodic cost during 2014:
 
Loss recognition
 
$
20,652
 
Prior service cost recognition
 
$
-
 
Assumptions used in determining net periodic benefit cost
Weighted-average assumptions for net periodic cost as of December 31,:
 
2013
  
2012
  
2011
 
Discount rate
  
4.26
%
  
4.95
%
  
5.65
%
Salary scale
  
5.00
%
  
5.00
%
  
5.00
%
Estimated benefit payments
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the Supplemental Pension Plan:

Calendar Year
 
Future Estimated Benefit Payments
 
2014
 
$
75,000
 
2015
 
$
75,000
 
2016
 
$
75,000
 
2017
 
$
75,000
 
2018
 
$
116,000
 
2019-2023
 
$
580,000