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STOCK COMPENSATION EXPENSE (Tables)
12 Months Ended
Dec. 31, 2013
STOCK COMPENSATION EXPENSE [Abstract]  
Assumption Used in the Black-Scholes Option-pricing Model
The fair value of the Company's employee stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options granted but are not considered by the model. The assumptions used in the Black-Scholes option-pricing model are as follows

   
2013
  
2012
  
2011
 
Risk-free interest rate
  1.96%  2.31%  3.58%
Expected option life (yrs)
  10.00   10.00   10.00 
Expected stock price volatility
  35.24%  34.93%  30.01%
Dividend yield
  3.86%  2.68%  4.03%
Weighted average fair value of options granted during the year
 $2.85  $2.34  $1.63 
Summary of Stock Option Activity
A summary of the Company’s stock option activity is as follows:
 
  
----------2013----------
  
----------2012----------
  
----------2011----------
 
   
Options
  
Weighted
Average
Exercise
Price
  
Options
  
Weighted
Average
Exercise
Price
  
Options
  
Weighted
Average
Exercise
Price
 
Outstanding at beginning of year
  392,366  $9.24   350,949  $9.69   255,649  $10.77 
Grants
  52,900   11.39   105,700   7.47   102,000   6.95 
Exercises
  (78,584)  7.77   (25,550)  7.52   -   - 
Forfeitures or expired
  (12,401)  7.90   (38,733)  9.61   (6,700)  9.10 
Outstanding at year-end
  354,281  $9.84   392,366  $9.24   350,949  $9.69 
                          
Exercisable at year-end
  212,731  $10.55   220,646  $10.68   206,727  $11.36 
Weighted average remaining life
  6.1       6.6       6.4     
                          
Stock Option Activity by Range of Exercise Prices
Additional information regarding stock options outstanding and exercisable at December 31, 2013 is provided in the following table:
 
    - - - - - - - - Outstanding - - - - - - - -  - - - - - - - - Currently Exercisable - - - - - - - - 
Range of Exercise Prices
  
Number
  
Weighted Average Exercise Price
  
Aggregate Intrinsic Value
  
Number
  
Weighted Average Remaining Contractual Life
  
Weighted Average Exercise Price
  
Aggregate Intrinsic Value
 
                       
$6.50 to $10.00   197,248  $7.40  $1,331   106,798   6.5  $7.48  $712 
$10.01 to $12.50   72,933   11.46   196   21,833   1.1   11.62   55 
$12.51 to $15.00   60,600   13.46   44   60,600   3.7   13.46   44 
$15.01 to $17.50   23,500   16.00   -   23,500   2.1   16.00   - 
Outstanding at Dec 31, 2013
   354,281   9.84  $1,571   212,731   4.7   10.55  $811