STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2020

A summary of activity in the Plan during the six months ended June 30, 2020 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, 2020
Outstanding at beginning of year:		1,462,997		$	13.42
Granted		248,966			20.93
Exercised		(27,851	)		10.72
Forfeited		(20,151	)		17.86
Expired		—			—

Balance, June 30, 2020		1,663,961		$	14.54		6.21	$	3,040

Exercisable at end of period		1,058,090		$	12.04		5.43	$	3,040

Vested at end of period		1,058,090		$	12.04		5.43	$	3,040

A summary of assumptions used to calculate the fair values of the awards granted during the periods noted is presented below:

	Six Months Ended June 30,
	2020			2019
Expected volatility		27.46	%		28.64	%
Expected dividend yield		0.70	%		0.70	%
Expected term (years)	6.2 years			7.0 years
Risk-free interest rate		1.44	%		2.63	%
Weighted average grant date fair value	$	5.68		$	8.61

A summary of activity in the Plan is presented in the table below:

	Number of Shares			Weighted-Average Grant Date Fair Value
Six Months Ended June 30, 2020
Outstanding at beginning of year:		81,200		$	19.46
Granted		5,970			20.93
Vested		(24,694	)		19.79
Forfeited		—			—

Balance, June 30, 2020		62,476		$	19.47