STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

STOCK-BASED COMPENSATION [Abstract]

Summary of Stock Option Activity

A summary of activity in the Plan during the year ended December 31, 2021 is presented in the table below:

	Number of Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Year Ended December 31, 2021
Outstanding at beginning of year:		1,554,894		$	14.77			$	20,274
Granted		214,452			19.46				1,790
Exercised		(158,166	)		14.38				(2,124	)
Forfeited		(9,152	)		18.37				(86	)
Expired		—			—				—
Outstanding at end of year		1,602,028		$	15.42		6.02	$	19,854
Exercisable at end of period		1,038,018		$	13.34		5.14	$	15,024
Vested at end of period		1,038,018		$	13.34		5.14	$	15,024

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:

	December 31,
	2021			2020			2019
Expected volatility	41.20% to 41.32%				27.46	%	24.88% to 31.54%
Expected dividend yield		1.00	%		0.70	%		0.70	%
Expected term (years)	6.1 to 6.2			6.2			0.5 - 7.0
Risk-free interest rate	0.52% to 0.83%				1.44	%	1.46% to 2.63%
Weighted average grant date fair value	$	7.07		$	5.68			7.98

Summary of Activity of Restricted Stock Units

A summary of activity in the Plan during the year ended December 31, 2021 is presented in the table below:

	Number of Shares			Weighted-Average Grant Date Fair Value
Year Ended December 31, 2021
Outstanding at beginning of year:		62,476		$	19.47
Granted		6,370			19.62
Exercised		(24,805	)		19.70
Forfeited		(1,274	)		19.62
Outstanding at end of year		42,767		$	19.35