STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2019

STOCK-BASED COMPENSATION [Abstract]

Summary of Stock Option Activity

A summary of activity in the Plan during the six months ended June 30, 2019 is presented in the table below:

	Number of Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Six Months Ended June 30, 2019
Outstanding at beginning of year:		-	$	-		-	$	-
Granted		1,411,342		12.50		5.59		6,223
Exercised		-		-		-		-
Forfeited		-		-		-		-
Balance, June 30, 2019		1,411,342	$	12.50		5.59	$	6,223
Exercisable at end of period		-	$	-		-	$	-
Vested at end of period		1,206,900	$	11.53		5.96	$	6,223

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:

	Six Months Ended June 30, 2019
Expected volatility		24.88% to 28.64	%
Expected dividend yield		0.70	%
Expected term (years)		0.5 - 7.0 years
Risk-free interest rate		2.39% to 2.63	%
Weighted average grant date fair value	$	8.61

Summary of Activity of Restricted Stock Awards and Units

A summary of activity in the Plan during the six months ended June 30, 2019 is presented in the table below:

	Number of Shares		Weighted- Average Grant Date Fair Value
Six Months Ended June 30, 2019
Outstanding at beginning of year:		-	$	-
Granted		52,764		21.32
Exercised		-		-
Forfeited		-		-
Balance, June 30, 2019		52,764	$	21.32
Exercisable at end of period		-	$	-
Vested at end of period		-	$	-