STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

STOCK-BASED COMPENSATION [Abstract]

Summary of Stock Option Activity

A summary of activity in the Plan for the period indicated is presented in the table below (dollars in thousands, except per share data):

	Number of Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years		Aggregate Intrinsic Value
Three Months Ended March 31, 2022
Outstanding at beginning of year:		1,602,028		$	15.42			$	17,883
Granted		45,203			29.40				—
Exercised		(7,413	)		18.58				(59	)
Forfeited		(5,886	)		19.22				(43	)
Expired		—			—				—
Balance, March 31, 2022		1,633,932		$	15.78		5.86	$	17,781
Exercisable at end of period		1,191,915		$	14.05		5.29	$	14,941
Vested at end of period		1,191,915		$	14.05		5.29	$	14,941

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:

	ThreeMonths Ended March 31,
	2022		2021
Expected volatility	40.20% to 40.29%			41.20% to 41.32%
Expected dividend yield		1.30%		1.00%
Expected term (years)	6.1 to 6.3		6.1 to 6.2
Risk-free interest rate	1.56% to 1.95%			0.52% to 0.83%
Weighted average grant date fair value	$	10.54	$	7.07

Summary of Activity of Restricted Stock Units

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

	Number of Shares			Weighted-Average Grant Date Fair Value
Three Months Ended March 31, 2022
Outstanding at beginning of year:		42,767		$	19.35
Granted		73,359			28.85
Vested		(23,930	)		19.38
Forfeited		(2,888	)		28.03
Balance, March 31, 2022		89,308		$	26.87