SHARE BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2017

Fair Values of all Options Granted Estimated Using Binomial Option-Pricing Model with Weighted-average Assumptions

The fair values of all of the options granted for the periods indicated have been estimated using a binomial option-pricing model. The weighted-average assumptions for the periods shown are presented in the following table:

	Six Months Ended June 30,
	2017		2016
Dividend yield	2.45	%	3.48	%
Weighted average expected volatility	40.27	%	41.54	%
Weighted average risk-free interest rate	2.14	%	1.42	%
Weighted average expected lives (in years)	5.67		5.71
Weighted average grant-date fair value	$13.42		$7.75

Summary of Share Option Activity

A summary of share option activity for the period indicated is reflected in the following table:

					Weighted
		Number	Weighted		Average	Aggregate
		of	Average		Contractual	Intrinsic
		Common	Exercise		Remaining	Value
		Shares	Share Price		Life (Years)	(in thousands)
Balance at January 1, 2017		108,503	$	22.46		$	1,902
Granted		12,941	$	42.48
Exercised		(27,284)	$	19.00		$	609
Forfeited or expired		(3,577)	$	30.07
Balance at June 30, 2017		90,583	$	26.08	4.0	$	1,347

Exercisable at June 30, 2017		60,098	$	22.43	3.0	$	1,097

Weighted average fair value of options
	granted during the year		$	13.42

Summary of Activity for Company's Non-Vested Options

A summary of the activity for the Company’s restricted stock for the period indicated is presented in the following table:

	Number	Weighted
	of	Average
	Common	Grant-Date
(In dollars, except share data):	Shares	Fair Value
Restricted stock at January 1, 2017	212,646	$	25.19
Granted	55,211	$	42.48
Vested	(70,382)	$	23.82
Forfeited	(7,800)	$	27.21
Restricted stock at June 30, 2017	189,675	$	30.67