STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2016

Activity of Stock Options

The activity of stock options granted under the 1997 stock option plan for the nine-month period ended September 30, 2016 is set forth below:
				Weighted-Average
				Remaining		Aggregate
	Number of		Weighted-Average	Contractual Term		Intrinsic Value
	Options	Exercise Price		(Years)	(In thousands)
Beginning of period outstanding and
exercisable	69,848	$	160.30
Options expired	(34,326)		183.37
Options cancelled	(533)		138.00
End of period outstanding and exercisable	34,989	$	138.00	0.3	$	-

Restricted Stock Activity Under Omnibus Plan

The following table summarizes the restricted stock activity in the first nine months of 2016 under the Omnibus Plan for both executive officers covered by the TARP requirements and other employees as well as for the independent directors:
	Nine-Month Period Ended
	September 30, 2016
	Number of shares		Weighted-Average
	of restricted		Grant Date
	stock		Fair Value
Non-vested shares at beginning of year	2,968,461	$	3.34
Granted	1,925,575		1.87
Forfeited	(1,000)		6.03
Vested	(683,713)		3.80
Non-vested shares at September 30, 2016	4,209,323	$	2.59