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ACCOUNTING FOR STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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 September 30, 2019		63,526		$	14.31		1.5	$	451
Options vested and exercisable at September 30, 2019		63,526		$	14.31		1.5	$	451

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

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2019		2018			2019		2018
Cash received for option exercise cost	$	—	$	—		$	73	$	954
Income tax benefit recognized on stock option exercises		—		(68	)		18		(44	)
Intrinsic value of options exercised		—		—			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		171,163			19.89
Shares vested		(51,029	)		19.28
Shares forfeited		(5,194	)		19.45
Unvested allocated shares at September 30, 2019		263,175		$	19.79

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

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2019		2018		2019		2018
Compensation expense recognized	$	449	$	326	$	1,092	$	950
Income tax benefit (expense) recognized on vesting of awards		7		—		16		(22	)
Weighted average remaining years for which compensation is to be recognized		2.9		2.5		2.9		2.5

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 September 30, 2019		254,592		$	19.08
Minimum aggregate share payout		—			—
Expected aggregate share payout		102,284		$	19.24

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2019		2018			2019		2018
Compensation expense recognized	$	55	$	(36	)	$	136	$	112
Income tax benefit (expense) recognized on vesting of awards		—		—			—		—

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		45,093			19.12
Shares vested		(1,384	)		20.20
Shares forfeited		(13,336	)		18.83
Maximum aggregate share payout at September 30, 2019		38,524		$	19.10
Minimum aggregate share payout		—			—
Expected aggregate share payout		23,161		$	19.08

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2019		2018		2019		2018
Compensation expense recognized	$	70	$	113	$	121	$	136
Income tax benefit (expense) recognized on vesting of awards		—		—		—		—