STOCK PLANS AND STOCK BASED COMPENSATION (Details) - USD ($)
|
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| STOCK PLANS AND STOCK BASED COMPENSATION |
|
|
|
| Number of shares available for grant permitted by plan |
3,000,000
|
|
|
| Weighted average assumptions used to determined fair value of stock options granted |
|
|
|
| Risk-free interest rate (as a percent) |
1.43%
|
1.54%
|
2.11%
|
| Expected dividend yield (as a percent) |
3.16%
|
3.06%
|
3.18%
|
| Expected stock price volatility (as a percent) |
20.17%
|
22.66%
|
30.20%
|
| Expected life of options |
5 years
|
5 years
|
6 years
|
| Information related to the stock option plan |
|
|
|
| Weighted-average fair value per share of options granted (in dollars per share) |
$ 3.27
|
$ 3.58
|
$ 5.16
|
| Information related to stock option and restricted stock awards granted |
|
|
|
| Expenses |
$ 1,030,000
|
$ 422,000
|
$ 458,000
|
| Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures) |
|
|
|
| 2017 |
1,039,000
|
|
|
| 2018 |
591,000
|
|
|
| 2019 |
155,000
|
|
|
| 2020 |
40,000
|
|
|
| 2021 |
3,000
|
|
|
| Total |
$ 1,828,000
|
|
|
| Minimum |
|
|
|
| STOCK PLANS AND STOCK BASED COMPENSATION |
|
|
|
| Vesting period |
3 years
|
|
|
| Exercisable period |
5 years
|
|
|
| Maximum |
|
|
|
| STOCK PLANS AND STOCK BASED COMPENSATION |
|
|
|
| Exercisable period |
6 years
|
|
|
| Stock option |
|
|
|
| STOCK PLANS AND STOCK BASED COMPENSATION |
|
|
|
| Exercisable period |
1 year
|
|
|
| Options |
|
|
|
| Outstanding, beginning of year (in shares) |
323,400
|
155,000
|
|
| Granted (in shares) |
5,000
|
323,400
|
|
| Exercised (in shares) |
(4,000)
|
(97,750)
|
|
| Forfeited or expired (in shares) |
(11,800)
|
(57,250)
|
|
| Outstanding, end of year (in shares) |
312,600
|
323,400
|
155,000
|
| Fully vested and expected to vest (in shares) |
312,600
|
|
|
| Exercisable (vested) at end of year (in shares) |
4,000
|
|
|
| Weighted Average Exercise Price |
|
|
|
| Outstanding, beginning of year (in dollars per share) |
$ 24.40
|
$ 20.15
|
|
| Granted (in dollars per share) |
26.43
|
24.51
|
|
| Exercised (in dollars per share) |
20.12
|
19.77
|
|
| Forfeited or expired (in dollars per share) |
24.47
|
21.43
|
|
| Outstanding, end of year (in dollars per share) |
24.49
|
$ 24.40
|
$ 20.15
|
| Fully vested and expected to vest (in dollars per share) |
24.49
|
|
|
| Exercisable (vested) at end of year (in dollars per share) |
$ 20.77
|
|
|
| Weighted Average Remaining Contractual Term |
|
|
|
| Outstanding, end of year |
3 years 9 months 7 days
|
4 years 8 months 12 days
|
|
| Fully vested and expected to vest |
3 years 9 months 7 days
|
|
|
| Exercisable (vested) at end of year |
2 months 19 days
|
|
|
| Aggregate Intrinsic Value |
|
|
|
| Outstanding, end of year |
$ 4,705,807
|
$ 650,000
|
|
| Fully vested and expected to vest |
4,705,807
|
|
|
| Exercisable (vested) at end of year |
75,080
|
|
|
| Information related to the stock option plan |
|
|
|
| Intrinsic value of options exercised |
18,000
|
581,000
|
$ 356,000
|
| Cash received from options exercised, net of shares redeemed |
$ 80,000
|
$ 1,136,000
|
$ 1,103,000
|
| Weighted-average fair value per share of options granted (in dollars per share) |
$ 3.27
|
$ 3.58
|
$ 5.16
|
| Information related to stock option and restricted stock awards granted |
|
|
|
| Expenses |
$ 248,000
|
$ 169,000
|
$ 53,000
|
| Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures) |
|
|
|
| 2017 |
258,000
|
|
|
| 2018 |
120,000
|
|
|
| 2019 |
12,000
|
|
|
| 2020 |
8,000
|
|
|
| 2021 |
2,000
|
|
|
| Total |
400,000
|
|
|
| Stock option | Non-executive officer employees |
|
|
|
| Information related to the stock option plan |
|
|
|
| Outstanding loans |
$ 371,000
|
$ 660,000
|
|
| Stock option | Class B Common Stock |
|
|
|
| Options |
|
|
|
| Exercisable (vested) at end of year (in shares) |
0
|
|
|
| Restricted Stock Awards |
|
|
|
| Shares |
|
|
|
| Outstanding, beginning of year (in shares) |
79,000
|
80,500
|
|
| Granted (in shares) |
|
2,500
|
|
| Forfeited (in shares) |
(2,000)
|
(4,000)
|
|
| Outstanding, end of year (in shares) |
77,000
|
79,000
|
80,500
|
| Fully vested and expected to vest (in shares) |
77,000
|
|
|
| Weighted-average grant date fair value |
|
|
|
| Outstanding, beginning of year (in dollars per share) |
$ 20.02
|
$ 19.85
|
|
| Granted (in dollars per share) |
|
25.19
|
|
| Forfeited (in dollars per share) |
19.85
|
19.85
|
|
| Outstanding, end of year (in dollars per share) |
20.02
|
$ 20.02
|
$ 19.85
|
| Fully vested and expected to vest (in dollars per share) |
$ 20.02
|
|
|
| Information related to stock option and restricted stock awards granted |
|
|
|
| Expenses |
$ 258,000
|
$ 253,000
|
$ 405,000
|
| Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures) |
|
|
|
| 2017 |
253,000
|
|
|
| 2018 |
251,000
|
|
|
| 2019 |
143,000
|
|
|
| 2020 |
32,000
|
|
|
| 2021 |
1,000
|
|
|
| Total |
$ 680,000
|
|
|
| Restricted Stock Awards | Minimum |
|
|
|
| Shares |
|
|
|
| Unrecognized compensation expense recognition period |
5 years
|
|
|
| Restricted Stock Awards | Maximum |
|
|
|
| Shares |
|
|
|
| Unrecognized compensation expense recognition period |
6 years
|
|
|
| Performance Stock Units |
|
|
|
| STOCK PLANS AND STOCK BASED COMPENSATION |
|
|
|
| Vesting period |
4 years
|
|
|
| Shares |
|
|
|
| Granted (in shares) |
55,000
|
|
|
| Outstanding, end of year (in shares) |
55,000
|
|
|
| Fully vested and expected to vest (in shares) |
55,000
|
|
|
| Weighted-average grant date fair value |
|
|
|
| Granted (in dollars per share) |
$ 23.13
|
|
|
| Outstanding, end of year (in dollars per share) |
23.13
|
|
|
| Fully vested and expected to vest (in dollars per share) |
$ 23.13
|
|
|
| Information related to stock option and restricted stock awards granted |
|
|
|
| Expenses |
$ 524,000
|
|
|
| Estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures) |
|
|
|
| 2017 |
528,000
|
|
|
| 2018 |
220,000
|
|
|
| Total |
$ 748,000
|
|
|
| Performance Stock Units | Tranche One |
|
|
|
| Information related to stock option and restricted stock awards granted |
|
|
|
| Return on average assets (as a percent) |
1.25%
|
|
|
| Vesting rights (as a percent) |
50.00%
|
|
|
| Performance Stock Units | Tranche Two |
|
|
|
| Information related to stock option and restricted stock awards granted |
|
|
|
| Return on average assets (as a percent) |
1.25%
|
|
|
| Vesting rights (as a percent) |
50.00%
|
|
|