STOCK PLANS AND STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2015

STOCK PLANS AND STOCK BASED COMPENSATION

Summary of stock option activity

				Weighted
		Weighted		Average
	Options	Average		Remaining	Aggregate
	Class A	Exercise		Contractual	Intrinsic
	Shares	Price		Term	Value
Outstanding, January 1, 2014	327,500	$	20.03
Granted	1,000		23.50
Exercised	(90,500)		19.78
Forfeited or expired	(83,000)		20.09
Outstanding, December 31, 2014	155,000	$	20.15	1.14	$	709,933
Granted	320,900		24.50
Exercised	(17,000)		19.60
Forfeited or expired	(18,050)		22.95
Outstanding, September 30, 2015	440,850		23.23	3.74		549,305
Fully vested and expected to vest	440,850	$	23.23	3.74	$	549,305
Exercisable (vested) at September 30, 2015	116,750	$	19.84	0.17	$	529,230

Schedule of intrinsic value and cash received from options exercised and weighted average fair value of options granted

(in thousands)	2015		2014		2015		2014
Intrinsic value of options exercised	$	26	$	125	$	81	$	151
Cash received from options exercised, net of shares redeemed		125		326		244		443
Total fair value of options granted		11		5		1,150		5

Summary of activity for non-vested restricted stock awards

		Weighted-average
	Restricted	grant date fair
	Stock Awards	value per share
Outstanding, January 1, 2014	87,000	$	19.85
Granted	—		—
Forfeited or expired	(1,500)		19.85
Earned and issued	(5,000)		19.85
Outstanding, December 31, 2014	80,500		19.85
Granted	2,500		25.19
Forfeited or expired	(2,000)		19.85
Earned and issued	—		—
Outstanding, September 30, 2015	81,000	$	20.01

Schedule of expenses recorded related to stock options

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2015		2014		2015		2014
Stock option expense	$	48	$	25	$	104	$	38
Restricted stock award expense	$	60	$	73	$	207	$	328

Schedule of estimated unrecognized stock option and restricted stock award expense related to unvested options and awards (net of estimated forfeitures)

	Restricted
(in thousands)	Stock Awards		Options		Total
2015	$	74	$	68	$	142
2016		297		267		564
2017		271		264		535
2018		120		262		382
2019		12		145		157
2020 and after		10		30		40
Total	$	784	$	1,036	$	1,820