STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2019

STOCK-BASED COMPENSATION [Abstract]

Summary of Stock Option Activity

Options

A summary of activity in the Plan during the three months ended March 31, 2019:

	Number of Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Three Months Ended March 31, 2019
Outstanding at beginning of year:		-	$	-		-	$	-
Granted		10,342		21.32		9.97		-
Exercised		-		-		-		-
Forfeited		-		-		-		-
Balance, March 31, 2019		10,342	$	21.32		9.97	$	-
Exercisable at end of period		-	$	-		-	$	-
Vested at end of period		-	$	-		-	$	-

Summary of Assumptions Used to Calculate Fair Value of Awards

A summary of assumptions used to calculate the fair values of the awards is presented below:

	Three Months Ended March 31, 2019
Expected volatility		27.46	%
Expected dividend yield		0.70	%
Expected term (years)		6.0
Risk-free interest rate		2.39	%
Weighted average grant date fair value	$	6.15

Summary of Activity of Restricted Stock Awards and Units

A summary of activity in the Plan during the three months ended March 31, 2019:

	Number of Shares		Weighted- Average Grant Date Fair Value
Three Months Ended March 31, 2019
Outstanding at beginning of year:		-	$	-
Granted		52,764		19.41
Exercised		-		-
Forfeited		-		-
Balance, March 31, 2019		52,764	$	19.41
Exercisable at end of period		-	$	-
Vested at end of period		-	$	-