STOCK PLANS AND STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

STOCK PLANS AND STOCK BASED COMPENSATION

Summary of stock option activity

	Three Months Ended March 31, 2015
	Shares		Weighted Average Exercise Price
Outstanding, beginning of year	377,790		$	13.46
Granted	—		—
Exercised	(12,350	)	10.07
Forfeited or expired	(35,700	)	20.57
Outstanding, period end	329,740		$	12.80
Options exercisable at period end	240,888		$	12.29
Fully vested and expected to vest	323,564		$	12.77

Schedule of details of stock options outstanding

	March 31, 2015		December 31, 2014
Stock options vested and currently exercisable:
Number	240,888		288,938
Weighted average exercise price	$	12.29	$	13.24
Aggregate intrinsic value	$	1,769	$	2,219
Weighted average remaining life (in years)	4.0		3.8

Schedule of unrecognized stock option compensation expense related to unvested awards

Year	(in thousands)
April 2015 - December 2015	$	134
2016	93
2017	38

Summary of changes in the nonvested shares

	Restricted Shares	Weighted Average Grant Date Fair Value
Nonvested at January 1, 2015	91,923	$	14.88
Granted	11,171	19.57
Vested	—	—
Forfeited	—	—
Nonvested at March 31, 2015	103,094	$	15.39

Summary of executive's payout percentage from the LTIP upon achievement of certain performance levels

Performance	Payout
Threshold	0	%
Target	100	%
Superior	150	%

Schedule of executive's eligibility for payout of shares determined by certain measures

Performance Measure	Weight		Evaluated vs.
Return on Assets	50	%	Peer
Total Shareholder Return	25	%	Peer
Earnings Per Share	25	%	Goal

Schedule of shares awarded by quarter

Quarter		Shares	Price per Share
2014	2Q	21,780	$	16.53