STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 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
Nine Months Ended September 30, 2022
Outstanding at beginning of year:		1,602,028		$	15.42			$	19,453
Granted		45,203			29.40				—
Exercised		(35,676	)		13.25				(510	)
Forfeited		(7,449	)		19.30				(61	)
Expired		(3,317	)		18.05				(32	)
Balance, September 30, 2022		1,600,789		$	15.84		5.39	$	18,850
Exercisable at end of period		1,186,948		$	14.22		4.86	$	15,834
Vested at end of period		1,186,948		$	14.22		4.86	$	15,834

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,
	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
Nine Months Ended September 30, 2022
Outstanding at beginning of year:		42,767		$	19.35
Granted		74,891			28.78
Vested		(25,715	)		19.86
Forfeited		(4,688	)		28.16
Balance, September 30, 2022		87,255		$	26.82