STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2017

A summary of activity in the Plan during the three months ended March 31, 2017 and 2016 follows:



Three Months Ended March 31, 2017	Number of Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years	Aggregate Intrinsic Value
Outstanding at beginning of year	340,377		$	23.43	7.34	$	194
Granted	9,000		26.00		9.96	—
Exercised	(2,010	)	11.94		3.08	28
Forfeited	(1,000	)	24.00		5.55	2
Balance, March 31, 2017	346,367		$	23.56	7.19	$	844

Exercisable at end of period	92,667		$	22.91	6.46	$	287



Three Months Ended March 31, 2016	Number of Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years	Aggregate Intrinsic Value
Outstanding at beginning of year	314,391		$	23.28	8.00	$	225
Granted	21,000		23.00		8.79	21
Forfeited	(10,400	)	23.23		7.74	8
Balance, March 31, 2016	324,991		$	23.27	7.86	$	238

Exercisable at end of period	47,191		$	20.83	6.51	$	149

A summary of nonvested activity in the Plan during the three months ended March 31, 2017 and 2016 follows:



Three Months Ended March 31, 2017	Number of Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years	Aggregate Intrinsic Value
Outstanding at beginning of year	250,700		$	23.73	7.65	$	69
Granted	9,000		26.00		9.96	—
Vested	(6,000	)	23.90		9.15	13
Balance, March 31, 2017	253,700		$	23.80	7.46	$	557



Three Months Ended March 31, 2016	Number of Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years	Aggregate Intrinsic Value
Outstanding at beginning of year	267,200		$	23.72	8.22	$	—
Granted	21,000		23.00		8.79	21
Vested	(10,400	)	23.23		7.47	8
Balance, March 31, 2016	277,800		$	23.68	8.09	$	89

Information related to the Plan is as follows for the three months ended:



	March 31, 2017
Intrinsic value of options exercised	$	28
Cash received from options exercised	24
Tax benefit realized from options exercised	—
Weighted average fair value of options granted	4.30