STOCK BASED COMPENSATION PLAN (Tables)

6 Months Ended

Jun. 30, 2014

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The weighted-average assumptions for options granted during the six months ended June 30, 2014 and the resulting estimated weighted average fair value per share is presented below.

	June 30,
	2014
Assumptions:
Risk-free interest rate		2.86	%
Expected dividend yield		-	%
Expected life (years)		10
Expected common stock market price volatility		64	%
Estimated fair value per share	$	3.57

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

A summary of option activity under the 2006 Plan for the period ended June 30, 2014 is presented below:

				Weighted
		Weighted		Average
	Number	Average		Remaining	Aggregate
	of	Exercise		Contractual	Intrinsic
	Options	Price		Term	Value
					(Dollars In Thousands)
Outstanding, beginning of period	376,300	$	3.13
Granted during period	5,000		4.90
Forfeited during period	(12,000)		3.81
Exercised during period	(7,500)		1.69
Outstanding, end of period	361,800	$	3.16	7.7	$	364
Eligible for exercise at period end	361,800	$	3.16	7.7	$	364

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

A summary of changes in our non-vested restricted shares for the six months ended June 30, 2014 is presented below:

		Weighted
		Average
	Non-vested	Grant Date
	Shares	Fair Value
Outstanding, beginning of period	63,497	$	3.81
Granted	138,090		4.21
Forfeited	(1,000)		4.91
Vested	(125,797)		4.35
Outstanding, end of period	74,790	$	3.61