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ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2019

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, 2019		72,395		$	13.58
Options granted		—			—
Options expired		—			—
Options exercised		(8,869	)		8.34
Options outstanding at June 30, 2019		63,526		$	14.31		1.7	$	298
Options vested and exercisable at June 30, 2019		63,526		$	14.31		1.7	$	298

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

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2019		2018		2019		2018
Cash received for option exercise cost	$	73	$	664	$	73	$	954
Income tax benefit recognized on stock option exercises		18		20		18		24
Intrinsic value of options exercised		103		70		103		167

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, 2019		148,235		$	19.48
Shares granted		101,063			19.82
Shares vested		(51,029	)		19.28
Shares forfeited		(5,194	)		19.45
Unvested allocated shares at June 30, 2019		193,075		$	19.71

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

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2019		2018			2019		2018
Compensation expense recognized	$	354	$	320		$	643	$	624
Income tax benefit (expense) recognized on vesting of RSA		7		(20	)		10		(22	)
Weighted average remaining years for which compensation is to be recognized		2.6		2.6			2.6		2.6

The following table presents a summary of activity related to performance based equity awards, and changes during the period then ended:

	Number of Shares			Weighted-Average Grant-Date Fair Value
Maximum aggregate share payout at January 1, 2019		120,880		$	18.90
Shares granted		138,562			19.18
Shares vested		(2,276	)		17.35
Shares forfeited		(2,574	)		17.35
Maximum aggregate share payout at June 30, 2019		254,592		$	19.08
Minimum aggregate share payout		—			—
Expected aggregate share payout		112,388		$	19.28

The following table presents a summary of activity related to performance based equity awards, and changes during the period then ended:

	Number of Shares			Weighted-Average Grant-Date Fair Value
Maximum aggregate share payout at January 1, 2019		8,151		$	18.40
Shares granted		42,445			19.14
Shares vested		(732	)		18.40
Shares forfeited		(5,500	)		18.40
Maximum aggregate share payout at June 30, 2019		44,364		$	19.11
Minimum aggregate share payout		—			—
Expected aggregate share payout		26,407		$	19.09