SHARE BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2018

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,
	2018		2017
Dividend yield	2.64	%	2.45	%
Weighted average expected volatility	39.13	%	40.27	%
Weighted average risk-free interest rate	2.61	%	2.14	%
Weighted average expected lives (in years)	5.61		5.67
Weighted average grant-date fair value	$11.73		$13.42

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, 2018	87,300	$	26.22		$	1,160
Granted	16,212	$	38.15
Exercised	(17,927)	$	20.65		$	337
Forfeited or expired	(482)	$	36.68
Balance at June 30, 2018	85,103	$	29.60	4.2	$	989

Exercisable at June 30, 2018	54,958	$	25.46	3.1	$	860

Weighted average fair value of options
granted during the year		$	11.73

Summary of Activity for Company's Restricted Stock

	Number	Weighted
	of	Average
	Common	Grant-Date
(In dollars, except share data):	Shares	Fair Value
Restricted stock at January 1, 2018	189,035	$	30.92
Granted	82,410	$	38.93
Vested	(64,875)	$	27.74
Forfeited	(1,194)	$	33.05
Restricted stock at June 30, 2018	205,376	$	35.13