Share Based Compensation (Tables)

6 Months Ended

Jun. 30, 2018

Outstanding Stock Option Grants and Transactions

A summary of outstanding stock option grants and related transactions follows:

	Number of Shares			Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregated Intrinsic Value
								(In thousands)
Outstanding at January 1, 2018		176,055		$	5.24
Issued for acquisition (see note #16)		187,915			9.94
Exercised		(105,208	)		9.35
Forfeited		-
Expired		-
Outstanding at June 30, 2018		258,762		$	6.98		4.9	$	4,791

Vested and expected to vest at June 30, 2018		258,762		$	6.98		4.9	$	4,791
Exercisable at June 30, 2018		258,762		$	6.98		4.9	$	4,791

Non-Vested Restricted Stock, Restricted Stock Units and PSU's

A summary of outstanding non-vested restricted stock and PSUs and related transactions follows:

	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding at January 1, 2018		290,527		$	15.88
Granted		73,406			23.62
Vested		(95,958	)		13.16
Forfeited		(7,786	)		18.41
Outstanding at June 30, 2018		260,189		$	19.00

Weighted-average Assumptions Used Black-Scholes Option Pricing Model

A summary of weighted-average assumptions used in the Black-Scholes option pricing model for the issue of stock options relating to the acquisition of TCSB (see note #16) during the second quarter of 2018 follows:

Expected dividend yield		2.62	%
Risk-free interest rate		2.40
Expected life (in years)		3.14
Expected volatility		45.99	%
Per share weighted-average fair value	$	13.25

Information Regarding Options Exercised

Certain information regarding options exercised during the periods follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
	(In thousands)
Intrinsic value	$	1,596	$	195	$	1,674	$	474
Cash proceeds received	$	971	$	33	$	984	$	99
Tax benefit realized	$	336	$	68	$	352	$	166