STOCK PLANS AND STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2015

STOCK PLANS AND STOCK BASED COMPENSATION

Summary of stock option activity

	Nine Months Ended September 30, 2015
	Shares		Weighted Average Exercise Price
Outstanding, beginning of year	377,790		$	13.46
Granted	—		—
Exercised	(23,500	)	9.89
Forfeited or expired	(37,100	)	20.27
Outstanding, period end	317,190		$	12.91
Options exercisable at period end	229,738		$	12.42
Fully vested and expected to vest	313,186		$	12.89

Schedule of details of stock options outstanding

	September 30, 2015		December 31, 2014
Stock options vested and currently exercisable:
Number	229,738		288,938
Weighted average exercise price	$	12.42	$	13.24
Aggregate intrinsic value	$	1,824	$	2,219
Weighted average remaining life (in years)	3.5		3.8

Schedule of unrecognized stock option compensation expense related to unvested awards

Year	(in thousands)
October 2015 - December 2015	$	60
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	28,955		19.57
Vested	(18,248	)	12.71
Forfeited	—		—
Nonvested at September 30, 2015	102,630		$	16.59

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
2015     2Q	14,084	$	19.89