Share-based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2016

Share-based Compensation Plans

Summary of activity related to restricted stock granted

	Number of	Average Grant
	Shares	Date Fair Value
Balance December 31, 2015	162,394	$	7.30
Granted	86,086	7.77
Vested	(32,276)	6.88
Forfeited	(15,265)	7.75
Balance June 30, 2016	200,939	$	7.53

Summary of activity related to restricted stock units granted

	Settle in Stock			Settle in Cash
		Average Grant			Average Grant
	Shares	Date Fair Value		Shares	Date Fair Value
Balance, December 31, 2015	-	$	-	-	$	-
Granted	38,104	7.56		77,968	7.94
Balance, June 30, 2016	38,104	$	7.56	77,968	$	7.94

Summary of activity related to options that have vested or are expected to vest and exercisable options

	Options Outstanding			Average	Average
	Number	Weighted Average		Remaining	Intrinsic
	of Shares	Exercise Price		Life (years)	Value
Balance, December 31, 2015	932,553	$	7.19
Granted	36,022	7.27
Forfeited	(28,490)	7.47
Exercised	(7,877)	6.15
Balance, June 30, 2016	932,208	$	7.20	7.31	$	1,019,659
Exercisable June 30, 2016	443,434	$	7.00	5.95	$	729,326
Vested and expected to vest as of June 30, 2016	898,496	$	7.19	7.26	$	1,003,426

Schedule of assumptions used in the calculation of weighted average fair value of options granted

	For the Six Months Ended
	June 30,
	2016		2015
Expected volatility	31.85%		38.04%
Expected term (years)	5.00		5.00
Dividend yield	3.30%		2.58%
Risk free rate	1.31%		1.57%
Weighted-average grant date fair value	$	1.50	$	2.15

Summary of recognized and unrecognized share based compensation expense

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
	(dollars in thousands)
Compensation expense:
Stock options	$	103	$	136	$	226	$	248
Restricted stock	199		158		283		287
Restricted stock units	60		-		60		-
Total	$	362	$	294	$	569	$	535
Unrecognized compensation expense:
Stock options	$	766	$	1,109
Restricted stock	925		899
Restricted stock units	598		-
Total	$	2,289	$	2,008