SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2019

Share-based compensation arrangements include the following:

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	Three Months Ended
	March 31,
	2019		2018
	(In thousands)
Restricted stock	$	494	$	623
Performance stock	181		42
Total share-based compensation expense	$	675	$	665

Recognized tax benefit	$	171	$	169
Intrinsic value of options exercised	—		—
Fair value of restricted stock vested	$	927	$	1,187

A summary of the Company’s stock option activity includes the following:

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	Number of Shares	Weighted Average Option Exercise Price
Outstanding at January 1, 2019	39,017	$	3.80
Granted	—	—
Exercised	—	—
Cancelled	—	—
Outstanding at March 31, 2019	39,017	$	3.80

RSA activity includes the following:



	Number of Shares		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2019	262,334		$	18.78
Granted	140,156		18.03
Vested	(51,957	)	17.85
Cancelled	(10,990	)	18.27
Outstanding at March 31, 2019	339,543		$	18.64

Accumulated other comprehensive income (loss) associated with debt securities - available-for-sale consisted of the following:

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	Three Months Ended March 31,
	2019									2018
	Before Tax			Income Tax			Net			Before Tax			Income Tax			Net
	(In thousands)
Accumulated other comprehensive income (loss), beginning-of-period	$	(5,023	)	$	1,273		$	(3,750	)	$	2,287		$	(593	)	$	1,694
Cumulative effect of new accounting standards	—			—			—			(1,349		)	355			(994		)

Other comprehensive income (loss) before reclassification	11,528			(2,922		)	8,606			(7,200		)	1,825			(5,375		)
Reclassification adjustment for realized losses (gains) included in net income	(2,301		)	583			(1,718		)	1,052			(238		)	814
	9,227			(2,339		)	6,888			(6,148		)	1,587			(4,561		)
Accumulated other comprehensive income (loss), end-of-period	$	4,204		$	(1,066	)	$	3,138		$	(5,210	)	$	1,349		$	(3,861	)