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ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2017
ACCOUNTING FOR STOCK BASED COMPENSATION [Abstract]  
Summary of Activity Related to Stock Options
The following table presents a summary of activity related to stock options granted under the Stock Plans, and changes during the three-month period then ended:

  
Number of
Options
  
Weighted-Average
Exercise Price
  
Weighted-Average
Remaining
Contractual Years
  
Aggregate
Intrinsic Value
 
Options outstanding at January 1, 2017
  
209,254
  
$
15.48
       
Options granted
  
-
   
-
       
Options exercised
  
(42,062
)
  
14.87
       
Options outstanding at March 31, 2017
  
167,192
  
$
15.64
   
2.3
  
$
779
 
Options vested and exercisable at March 31, 2017
  
167,192
  
$
15.64
   
2.3
  
$
779
 
Information Related to Stock Option Plan
Information related to stock options during each period is as follows:

  
At or for the Three Months
Ended March 31,
 
  
2017
  
2016
 
Cash received for option exercise cost
 
$
624
  
$
-
 
Income tax benefit recognized on stock option exercises(1)
  
69
   
-
 
Intrinsic value of options exercised
  
275
   
-
 
(1)
Effective January 1, 2017, income tax benefits were recognized as discrete items in income tax expense in accordance to ASU 2016-09. Prior to January, 1, 2017, income tax benefits were recognized through additional paid in capital.
Summary of Activity Related to Restricted Stock Awards
The following table presents a summary of activity related to the restricted stock awards granted, and changes during the three-month period then ended:

  
Number of Shares
  
Weighted-Average
Grant-Date Fair
Value
 
Unvested allocated shares outstanding at January 1, 2017
  
152,409
  
$
16.56
 
Shares granted
  
17,316
   
20.50
 
Shares vested
  
(1,840
)
  
18.11
 
Shares forfeited
  
(13,591
)
  
16.84
 
Unvested allocated shares at March 31, 2017
  
154,294
  
$
16.96
 
Information Related to Restricted Stock Award Plan
Information related to restricted stock awards during each period is as follows:

  
At or for the Three Months
Ended March 31,
 
  
2017
  
2016
 
Compensation expense recognized
 
$
297
  
$
438
 
Income tax benefit recognized on vesting of restricted stock awards(1)
  
2
   
-
 
(1)
Effective January 1, 2017, income tax benefits were recognized as discrete items in income tax expense in accordance to ASU 2016-09. Prior to January, 1, 2017, income tax benefits were recognized through additional paid in capital.
Summary of Activity Related to Performance Based Equity Awards
The following table presents a summary of activity related to performance based equity awards, and changes during the three-month period then ended:

  
Number of
Shares
  
Weighted-
Average Grant-
Date Fair Value
 
Maximum aggregate share payout at January 1, 2017
  
24,730
  
$
17.35
 
Shares granted
  
71,976
   
19.75
 
Shares forfeited
  
(4,268
)
  
17.35
 
Maximum aggregate share payout at March 31, 2017
  
92,438
  
$
19.22
 
Minimum aggregate share payout
  
-
   
-
 
Likely aggregate share payout
  
79,657
  
$
19.52