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SHARE BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2019
Share Based Compensation [Abstract]  
Fair Values of all Options Granted Estimated Using Binomial Option-Pricing Model with Weighted-average Assumptions

 

 

2019

 

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

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Number

 

Weighted

 

Average

 

Aggregate

 

 

 

of

 

Average

 

Contractual

 

Intrinsic

 

 

 

Common

 

Exercise

 

Remaining

 

Value

 

 

 

Shares

 

Share Price

 

Life(Years)

 

(in thousands)

Balance at January 1, 2019

 

81,508

 

$

29.74

 

 

 

$

369

Granted

 

-

 

$

-

 

 

 

 

 

Exercised

 

(15,080)

 

$

22.20

 

 

 

$

179

Forfeited

 

(1,007)

 

$

37.11

 

 

 

 

 

Expired

 

(142)

 

$

42.48

 

 

 

 

 

Balance at December 31, 2019

 

65,279

 

$

31.34

 

3.2

 

$

485

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2019

 

51,179

 

$

29.15

 

2.7

 

$

485

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options

 

 

 

 

 

 

 

 

 

 

 

granted during the year

 

 

 

$

-

 

 

 

 

 

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, 2019

 

203,603

 

$

35.14

Granted

 

106,394

 

$

33.45

Vested

 

(69,842)

 

$

31.55

Forfeited

 

(13,653)

 

$

35.43

Restricted stock at December 31, 2019

 

226,502

 

$

35.43