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STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2016
Schedule of Share-based Compensation, Stock Options, Activity
A summary of the activity in the stock option plan as of December 31, 2016 and changes during the period then ended follows:
 
 
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
Weighted-
 
Average
 
 
 
 
 
 
 
 
 
Average
 
Remaining
 
 
Aggregate
 
 
 
 
 
 
Exercise
 
Contractual
 
 
Intrinsic
 
 
 
Shares
 
Price
 
Term (years)
 
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
 
Outstanding at beginning of the year
 
 
48,000
 
$
16.03
 
 
 
 
 
 
Granted
 
 
0
 
 
0.00
 
 
 
 
 
 
Exercised
 
 
(39,000)
 
 
16.03
 
 
 
 
 
 
Forfeited
 
 
0
 
 
0
 
 
 
 
 
 
Outstanding at end of the year.
 
 
9,000
 
$
16.03
 
1.4
 
$
281
 
Options exercisable at end of the year
 
 
9,000
 
$
16.03
 
1.4
 
$
281
 
Schedule of Information on Stock Awards Exercised
The following table presents information on stock awards exercised for the years ended December 31, 2016, 2015 and 2014.
 
(dollars in thousands)
 
2016
 
2015
 
2014
 
Total intrinsic value
 
$
755
 
$
577
 
$
204
 
Cash received
 
 
625
 
 
559
 
 
291
 
Cash received net of tax
 
 
(56)
 
 
(135)
 
 
7
 
Actual tax benefit realized for tax deductions
 
 
669
 
 
148
 
 
50
 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of the changes in the Company's nonvested shares for the year follows:
 
 
 
 
 
 
Weighted-Average
 
 
 
 
 
 
Grant-Date
 
Nonvested Shares
 
Shares
 
Fair Value
 
Nonvested at January 1, 2016
 
 
5,250
 
$
24.29
 
Granted
 
 
21,551
 
 
30.80
 
Vested
 
 
(22,301)
 
 
30.73
 
Forfeited
 
 
0
 
 
0.00
 
Nonvested at December 31, 2016
 
 
4,500
 
$
23.57
 
Schedule of Nonvested Performance-based Units Activity
Shares granted below include the number of shares assumed granted based on meeting the performance criteria of the 2016-2018, 2015-2017 and 2014-2016 Long-Term Incentive Plans at December 31, 2016.
 
 
 
 
 
 
Weighted-Average
 
 
 
 
 
 
Grant-Date
 
Nonvested Shares
 
Shares
 
Fair Value
 
Nonvested at January 1, 2016
 
 
288,855
 
$
22.53
 
Granted
 
 
154,265
 
 
23.20
 
Vested
 
 
(95,600)
 
 
16.23
 
Forfeited
 
 
0
 
 
0.00
 
Nonvested at December 31, 2016
 
 
347,520
 
$
16.90