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STOCK-BASED COMPENSATION (Table)

12 Months Ended

Dec. 31, 2016

Schedule of Stock-Based Compensation

The following tables provide information on stock-based compensation expense for 2016,  2015, and 2014.






(Dollars in thousands)		2016			2015			2014
Stock-based compensation expense		$	334		$	283		$	87
Excess tax benefits related to stock-based
compensation			27			3			-






		December 31,
(Dollars in thousands)		2016				2015				2014
Unrecognized stock-based compensation
expense		$	337			$	222			$	59
Weighted average period unrecognized
expense is expected to be recognized			0.9	years			1.5	years			0.8	years



Schedule of Share-based Compensation, Stock Options Activity

The following table summarizes stock option activity for the Company under the 2016 Equity Plan for the three years ended December 31, 2016.




		Year Ended December 31, 2016					Year Ended December 31, 2015					Year Ended December 31, 2014
				Weighted Average					Weighted Average					Weighted Average
		Number of		Grant Date			Number of		Grant Date			Number of		Grant Date
		Shares		Fair Value			Shares		Fair Value			Shares		Fair Value
Outstanding at beginning of period		61,327		$	8.05		27,108		$	6.64		40,662		$	6.64
Granted		12,443			11.12		34,219			9.18		-			-
Exercised		(11,684)			6.64		-			-		(3,593)			6.64
Expired/Cancelled		-			-		-			-		(9,961)			6.64
Outstanding at end of period		62,086		$	8.29		61,327		$	8.05		27,108		$	6.64

Exercisable at end of period		58,756		$	8.14		44,218		$	7.62		-		$	-



Schedule of Share-based Payment Award, Stock Option Valuation Assumptions

The following weighted average assumptions were used as inputs to the Black-Scholes valuation model for options granted in 2016 and 2015.






		2016			2015
Dividend yield		0.73	%		-	%
Expected volatility		38.60	%		32.00	%
Expected forfeiture rate		-	%		-	%
Risk-free interest rate		1.75	%		1.97	%
Expected contract life (in years)		10 years			7 years



Equity Plan 2016 [Member]

Schedule of Share-based Compensation, Restricted Stock and Units Award Activity

The following table summarizes restricted stock award activity for the Company under the 2016 Equity Plan for the three years ended December 31, 2016.






		Year Ended December 31, 2016					Year Ended December 31, 2015					Year Ended December 31, 2014
				Weighted Average					Weighted Average					Weighted Average
		Number of		Grant Date			Number of		Grant Date			Number of		Grant Date
		Shares		Fair Value			Shares		Fair Value			Shares		Fair Value
Nonvested at beginning of period		12,488		$	8.74		14,251		$	8.51		13,930		$	8.33
Granted		27,366			11.51		12,647			9.21		3,654			9.57
Vested		(22,788)			10.01		(14,410)			8.93		(3,333)			8.93
Cancelled		-			-		-			-		-			-
Nonvested at end of period		17,066		$	11.46		12,488		$	8.74		14,251		$	8.51



2016 and 2006 Plan [Member] | Restricted Stock Units (RSUs) [Member]

Schedule of Share-based Compensation, Restricted Stock and Units Award Activity

The following table summarizes restricted stock units activity for the Company under the 2016 and 2006 Equity Plans for the three years ended December 31, 2016.






		Year Ended December 31, 2016					Year Ended December 31, 2015					Year Ended December 31, 2014
				Weighted Average					Weighted Average					Weighted Average
		Number of		Grant Date			Number of		Grant Date			Number of		Grant Date
		Shares		Fair Value			Shares		Fair Value			Shares		Fair Value
Outstanding at beginning of period		26,943		$	9.49		-		$	-		-		$	-
Granted		24,433			11.68		26,943			9.49		-			-
Vested		-			-		-			-		-			-
Forfeited		(5,034)			9.49		-			-		-			-
Outstanding at end of period		46,342		$	10.64		26,943		$	9.49		-		$	-



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Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

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