STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 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
Nine Months Ended September 30, 2021
Outstanding at beginning of year:		1,554,894		$	14.77			$	14,941
Granted		214,452			19.46				1,055
Exercised		(3,666	)		17.94				(24	)
Forfeited		(6,152	)		18.56				(36	)
Expired		—			—				—
Balance, September 30, 2021		1,759,528		$	15.32		5.73	$	15,936
Exercisable at end of period		1,122,353		$	13.21		4.94	$	12,541
Vested at end of period		1,122,353		$	13.21		4.94	$	12,541

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:

	Nine Months Ended September 30,
	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			6.2 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
Nine Months Ended September 30, 2021
Outstanding at beginning of year:		62,476		$	19.47
Granted		6,370			19.62
Vested		(24,805	)		19.70
Forfeited		(1,274	)		19.62
Balance, September 30, 2021		42,767		$	19.35