STOCK PLANS AND STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

STOCK PLANS AND STOCK BASED COMPENSATION

Summary of stock option activity

				Weighted
				Average
		Weighted		Remaining
		Average		Contractual	Aggregate
		Exercise		Term	Intrinsic
Options	Shares	Price		(years)	Value
Outstanding, beginning of year	193,114	$	12.09
Granted	—		—
Exercised	(75,297)		13.25
Forfeited or expired	—		—
Outstanding at end of period	117,817	$	11.34	4.7	$	2,544
Exercisable at end of period	106,413	$	10.82	4.4	$	2,353

Schedule of details of stock options outstanding

	March 31,		December 31,
	2017		2016
Stock options vested and currently exercisable:
Number		106,413		181,710
Weighted average exercise price	$	10.82	$	11.83
Aggregate intrinsic value	$	2,353	$	4,101
Weighted average remaining life (in years)		4.4		3.8

Schedule of unrecognized stock option compensation expense related to unvested awards

Year	(in thousands)
April 2017 - December 2017	$	22

Summary of changes in the nonvested shares

		Weighted Average
	Restricted	Grant Date
	Shares	Fair Value
Nonvested at January 1, 2017	104,319	$	20.03
Granted	12,802		34.99
Vested	(18,322)		16.13
Forfeited	—		—
Nonvested at March 31, 2017	98,799	$	22.69

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

			Evaluated
Performance Measure	Weight		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
2016	1Q	358		19.89
2016	2Q	17,976		21.89