STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2025

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
Three Months Ended March 31, 2025
Outstanding at beginning of year:		1,175,787		$	17.83			$	17,975
Granted		30,024			34.01				—
Exercised		(29,211	)		18.68				(422	)
Forfeited		—			—				—
Expired		—			—				—
Balance at end of period		1,176,600		$	18.22		4.52	$	17,553
Exercisable at end of period		1,091,254		$	17.26		4.19	$	17,302
Vested at end of period		1,091,254		$	17.26		4.19	$	17,302

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:

	Three Months Ended March 31,
	2025			2024
Expected volatility		41.21	%		40.45	%
Expected dividend yield		1.80	%		1.80	%
Expected term (years)		6.1			6.1
Risk-free interest rate		4.43	%		3.94	%
Weighted average grant date fair value	$	13.35		$	11.10

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
Three Months Ended March 31, 2025
Outstanding at beginning of year:		187,895		$	26.51
Granted		70,700			34.24
Vested		(15,384	)		28.79
Forfeited		—			—
Balance at end of period		243,211		$	28.61