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ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2018

The following table presents a summary of activity related to stock options granted under the Stock Plans, and changes during the period then ended:

	Number of Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Years		Aggregate Intrinsic Value
Options outstanding at January 1, 2018		157,546		$	15.53
Options granted		-			-
Options exercised		(28,771	)	$	16.38
Options outstanding at March 31, 2018		128,775		$	15.34		1.6	$	394
Options vested and exercisable at March 31, 2018		128,775		$	15.34		1.6	$	394

Information related to stock options during each period is as follows:

	At or for the Three Months Ended March 31,
	2018		2017
Cash received for option exercise cost	$	290	$	624
Income tax benefit recognized on stock option exercises		4		69
Intrinsic value of options exercised		97		275

The following table presents a summary of activity related to the RSAs granted, and changes during the period then ended:

	Number of Shares			Weighted-Average Grant-Date Fair Value
Unvested allocated shares outstanding at January 1, 2018		150,567		$	18.85
Shares granted		-			-
Shares vested		(4,752	)		20.13
Shares forfeited		(2,014	)		19.39
Unvested allocated shares at March 31, 2018		143,801		$	18.80

Information related to restricted stock awards during each period is as follows:

	At or for the Three Months Ended March 31,
	2018			2017
Compensation expense recognized	$	304		$	297
Income tax benefit (expense) recognized on vesting of restricted stock awards		(2	)		2
Weighted average remaining years for which compensation expense is to be recognized		2.7			1.6

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, 2018		69,224		$	19.19
Shares granted		81,353			18.55
Shares vested		(3,536	)		18.83
Shares forfeited		(6,320	)		19.19
Maximum aggregate share payout at March 31, 2018		140,721		$	18.83
Minimum aggregate share payout		-			-
Expected aggregate share payout		93,813		$	18.83