STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2021

STOCK-BASED COMPENSATION [Abstract]

Summary of Stock Option Activity

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

	Number of Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Three Months Ended March 31, 2021
Outstanding at beginning of year:		1,554,894		$	14.77			$	12,360
Granted		214,452			19.46				699
Exercised		(1,357	)		16.00				(9	)
Forfeited		—			—				—
Expired		—			—				—
Balance, March 31, 2021		1,767,989		$	15.34		6.23	$	13,050
Exercisable at end of period		1,109,247		$	13.11		5.41	$	10,656
Vested at end of period		1,109,247		$	13.11		5.41	$	10,656

Summary of Assumptions Used to Calculate Fair Value of Awards

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

	Three Months Ended March 31,
	2021			2020
Expected volatility	41.20% to 41.32%				27.46	%
Expected dividend yield		1.00	%		0.70	%
Expected term (years)	6.1 to 6.2 years			6.0 to 6.2 years
Risk-free interest rate	0.52% to 0.83%				1.44	%
Weighted average grant date fair value	$	7.07		$	5.68

Summary of Activity of Restricted Stock Units

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

	Number of Shares			Weighted-Average Grant Date Fair Value
Three Months Ended March 31, 2021
Outstanding at beginning of year:		62,476		$	19.47
Granted		6,370			19.62
Vested		(24,805	)		19.70
Forfeited		—			—
Balance, March 31, 2021		44,041		$	19.36