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STOCK COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2015

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

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the status of the Company’s Stock Incentive Plan at December 31, 2015, 2014, and 2013, and changes during the years then ended is presented in the table and narrative following:

		YEAR ENDED DECEMBER 31,
		2015								2014								2013
		SHARES				WEIGHTED AVERAGE EXERCISE PRICE				SHARES				WEIGHTED AVERAGE EXERCISE PRICE				SHARES				WEIGHTED AVERAGE EXERCISE PRICE
Outstanding at beginning of year			559,909			$	2.66				487,349			$	2.55				398,371			$	2.43
Granted			32,500				2.96				115,000				3.18				102,445				3.19
Exercised			(75,923	)			2.07				(10,700	)			2.25				(3,467	)			1.81
Forfeited			(46,037	)			3.04				(31,740	)			3.08				(10,000	)			4.25
Outstanding at end of year			470,449				2.74				559,909				2.66				487,349				2.55
Exercisable at end of year			336,555				2.58				330,822				2.36				257,253				2.25
Weighted average fair value of options granted in current year						$	0.67							$	0.85							$	0.83

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions used for grants in 2015, 2014, and 2013.

		YEAR ENDED DECEMBER 31,
BLACK-SCHOLES ASSUMPTION RANGES		2015				2014				2013
Risk-free interest rate			1.97%				2.43 – 2.74%				1.82 – 1.03%
Expected lives in years			10				10				10
Expected volatility			22%				28 – 29%				30 – 32%
Expected dividend rate			1.35%				1.25 – 1.30%				1.30%

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- References

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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