STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2023

STOCK-BASED COMPENSATION [Abstract]

Summary of Stock Option Activity

A summary of activity in the Plan during 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, 2023
Outstanding at beginning of year:		1,354,189		$	16.11			$	14,117
Granted		47,816			27.46				—
Exercised		(45,220	)		14.24				(552	)
Forfeited		(1,125	)		20.19				(7	)
Expired		(2,730	)		17.47				(24	)
Balance, September 30, 2023		1,352,930		$	16.57		5.10	$	13,534
Exercisable at end of period		1,145,822		$	15.41		4.63	$	12,686
Vested at end of period		1,145,822		$	15.41		4.63	$	12,686

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,
	2023		2022
Expected volatility	39.13% to 39.68%		40.20% to 40.29%
Expected dividend yield		1.74% to 1.90%		1.30%
Expected term (years)	6.1 to 6.3		6.1 to 6.3
Risk-free interest rate	3.91% to 3.98%		1.56% to 1.95%
Weighted average grant date fair value	$	10.26	$	10.54

Summary of Activity of Restricted Stock Units

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

	Number of Shares			Weighted-Average Grant Date Fair Value
Nine Months Ended September 30, 2023
Outstanding at beginning of year:		84,342		$	26.76
Granted		85,127			25.33
Vested		(38,141	)		24.40
Forfeited		(4,950	)		25.03
Balance, September 30, 2023		126,378		$	26.58