STOCK-BASED COMPENSATION (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| STOCK-BASED COMPENSATION |
|
| Schedule of weighted average assumptions as of grant date used to determine fair value of options granted |
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
2015
|
|
2014
|
|
|
Risk-free interest rate
|
|
NA
|
|
NA
|
|
2.08
|
%
|
|
Expected term (years)
|
|
NA
|
|
NA
|
|
7.00
|
|
|
Expected stock price volatility
|
|
NA
|
|
NA
|
|
28.04
|
%
|
|
Dividend yield
|
|
NA
|
|
NA
|
|
2.49
|
%
|
|
| Summary of stock option activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
|
|
|
|
|
|
|
|
|
|
|
Average
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
Remaining
|
|
|
|
|
|
|
|
|
|
Average
|
|
Contractual
|
|
Aggregate
|
|
|
|
|
|
|
Exercise
|
|
Term
|
|
Intrinsic
|
|
|
Options
|
|
Shares
|
|
Price
|
|
(years)
|
|
Value
|
|
|
Outstanding, beginning of year
|
|
310,665
|
|
$
|
12.83
|
|
|
|
|
|
|
|
Granted
|
|
—
|
|
|
—
|
|
|
|
|
|
|
|
Exercised
|
|
(111,595)
|
|
|
13.94
|
|
|
|
|
|
|
|
Forfeited or expired
|
|
(5,956)
|
|
|
16.07
|
|
|
|
|
|
|
|
Outstanding at end of period
|
|
193,114
|
|
$
|
12.09
|
|
4.0
|
|
$
|
4,309
|
|
|
Exercisable at end of period
|
|
181,710
|
|
$
|
11.83
|
|
3.8
|
|
$
|
4,101
|
|
|
Fully vested and expected to vest
|
|
192,542
|
|
$
|
12.07
|
|
4.0
|
|
$
|
4,299
|
|
|
| Schedule of information related to the 2007 stock incentive plan and the 2003 plan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016
|
|
2015
|
|
2014
|
|
|
Intrinsic value of options exercised
|
|
$
|
1,306
|
|
$
|
244
|
|
$
|
55
|
|
|
Cash received from option exercises
|
|
|
1,556
|
|
|
294
|
|
|
66
|
|
|
Tax benefit realized from option exercises
|
|
|
164
|
|
|
31
|
|
|
—
|
|
|
Weighted average (per share) fair value of options granted
|
|
|
NA
|
|
|
NA
|
|
|
3.78
|
|
|
| Summary of changes in the nonvested shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average
|
|
|
|
|
Restricted
|
|
Grant Date
|
|
|
|
|
Shares
|
|
Fair Value
|
|
|
Nonvested at January 1, 2016
|
|
101,631
|
|
$
|
16.57
|
|
|
Granted
|
|
50,152
|
|
|
22.48
|
|
|
Vested
|
|
(43,244)
|
|
|
14.75
|
|
|
Forfeited
|
|
(4,220)
|
|
|
20.00
|
|
|
Nonvested at December 31, 2016
|
|
104,319
|
|
$
|
20.03
|
|
|
| Schedule of shares awarded by quarter |
|
|
|
|
|
|
|
|
|
|
|
Quarter
|
|
|
|
Shares
|
|
Price per Share
|
|
|
2014
|
|
2Q
|
|
21,780
|
|
$
|
16.53
|
|
|
2015
|
|
2Q
|
|
14,084
|
|
|
19.89
|
|
|
2015
|
|
4Q
|
|
1,341
|
|
|
19.89
|
|
|
2016
|
|
1Q
|
|
358
|
|
|
19.89
|
|
|
2016
|
|
2Q
|
|
17,976
|
|
|
21.89
|
|
|