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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation [Table Text Block]
The following tables provide information on stock-based compensation expense for 2014, 2013 and 2012.
 
(Dollars in thousands)
 
2014
 
 
2013
 
2012
 
Stock-based compensation expense
 
$
87
(1)
 
$
78
 
$
209
 
Excess tax expense related to stock-based compensation
 
 
-
 
 
 
26
 
 
106
 
 
 
 
December 31,
 
(Dollars in thousands)
 
2014
 
2013
 
2012
 
Unrecognized stock-based compensation expense
 
$
59
 
$
136
 
$
143
 
Weighted average period unrecognized expense is expected to be recognized
 
 
0.8 years
 
 
1.7 years
 
 
2.1 years
 
 
 
(1)
On January 7, 2015 restricted stock and options were granted to executive officers in the amount of $62 thousand in restricted stock awards and $117 thousand in option awards. The restricted stock and options immediately vested 50% on the grant date of January 7, 2015, in which the amount of $90 thousand was accrued at December 31, 2014 and recorded as an other liability. On January 7, 2015 the liability for the restricted shares and the options was reclassified to additional paid-in-capital. The January 7, 2015 awarded grants are excluded from the tables above because including them would not properly reflect the outstanding shares at December 31, 2014.
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
The following table summarizes restricted stock award activity for the Company under the 2006 Equity Plan for the two years ended December 31, 2014.
 
 
 
Year Ended December 31, 2014
 
Year Ended December 31, 2013
 
Year Ended December 31, 2012
 
 
 
 
 
Weighted Average
 
 
 
Weighted Average
 
 
 
Weighted Average
 
 
 
Number
 
Grant Date
 
Number
 
Grant Date
 
Number
 
Grant Date
 
 
 
of Shares
 
Fair Value
 
of Shares
 
Fair Value
 
of Shares
 
Fair Value
 
Nonvested at beginning of year
 
13,930
 
$
8.33
 
6,548
 
$
14.89
 
45,779
 
$
13.20
 
Granted (1)
 
3,654
 
 
9.57
 
13,930
 
 
8.33
 
-
 
 
-
 
Vested
 
(3,333)
 
 
8.93
 
(6,548)
 
 
14.89
 
(39,231)
 
 
12.92
 
Cancelled
 
-
 
 
-
 
-
 
 
-
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonvested at end of year
 
14,251
 
$
8.51
 
13,930
 
$
8.33
 
6,548
 
$
14.89
 
 
 
(1)
On January 7, 2015 restricted stock and options were granted to executive officers in the amount of $62 thousand in restricted stock awards and $117 thousand in option awards. The restricted stock and options immediately vested 50% on the grant date of January 7, 2015, in which the amount of $90 thousand was accrued at December 31, 2014 and recorded as an other liability. On January 7, 2015 the liability for the restricted shares and the options was reclassified to additional paid-in-capital. The January 7, 2015 awarded grants are excluded from the tables above because including them would not properly reflect the outstanding shares at December 31, 2014.
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes stock option activity for the Company under the 2006 Equity Plan for the two years ended December 31, 2014.
 
 
 
Year Ended December 31, 2014
 
Year Ended December 31, 2013
 
Year Ended December 31, 2012
 
 
 
Number
 
Weighted Average
 
Number
 
Weighted Average
 
Number
 
Weighted Average
 
 
 
of shares
 
Exercise Price
 
of shares
 
Exercise Price
 
of shares
 
Exercise Price
 
Outstanding at beginning of year
 
40,662
 
$
6.64
 
54,216
 
$
6.64
 
-
 
$
6.64
 
Granted (1)
 
-
 
 
-
 
-
 
 
-
 
54,216
 
 
-
 
Exercised
 
(3,593)
 
 
6.64
 
-
 
 
-
 
-
 
 
-
 
Expired/Cancelled
 
(9,961)
 
 
6.64
 
(13,554)
 
 
6.64
 
-
 
 
-
 
Outstanding at end of year
 
27,108
 
$
6.64
 
40,662
 
$
6.64
 
54,216
 
$
6.64
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of year
 
-
 
$
-
 
-
 
$
-
 
-
 
$
-
 
 
(1)
On January 7, 2015 restricted stock and options were granted to executive officers in the amount of $62 thousand in restricted stock awards and $117 thousand in option awards. The restricted stock and options immediately vested 50% on the grant date of January 7, 2015, in which the amount of $90 thousand was accrued at December 31, 2014 and recorded as an other liability. On January 7, 2015 the liability for the restricted shares and the options was reclassified to additional paid-in-capital. The January 7, 2015 awarded grants are excluded from the tables above because including them would not properly reflect the outstanding shares at December 31, 2014.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following weighted average assumptions were used as inputs to the Black-Scholes valuation model for options granted in 2012.
 
Dividend yield
 
0.60
%
Expected volatility
 
58.65
%
Risk-free interest rate
 
1.69
%
Expected contract life (in years)
 
5.83