Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Summary of the activity in the Option Plan

Below is a summary of the stock option activity in the Plans for the year ended December 31, 2015:

	2015
	Number of Stock Options Outstanding		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term	Aggregate Intrinsic value
					(in years)	(in thousands)
Outstanding at January 1, 2015	925,084		$	10.41
Granted	249,000		15.16
Exercised	(8,066	)	8.70
Forfeited and Expired	(106,932	)	12.31
Outstanding at December 31, 2015	1,059,086		$	11.35	6.3	$	10,489
Vested and exercisable at December 31, 2015	635,069		$	9.09	4.9	$	7,719

Schedule of assumptions used for valuing options granted with the Black-Scholes model

Options granted under the Option Plans during 2015, 2014 and 2013 were valued using the Black-Scholes model with the following average assumptions:

	Year Ended December 31,
	2015	2014	2013
Expected volatility	29.47%	16.2% - 18.5%	22.2% - 25.82%
Expected term	6.00 Years	6.00 Years	10.00 Years
Expected dividends	None	None	None
Risk free rate	1.39%	1.81% - 2.10%	1.78% - 2.67%
Weighted-average grant date fair value	$4.73	$3.28 - $3.67	$3.93 - $5.87

Schedule of Other Share-based Compensation, Activity

Below is a summary of the restricted stock activity in the Plans for the years ended December 31, 2015:

	2015
	Shares	Weighted Average Grant-Date Fair Value per share
Unvested at the beginning of the year	—	$	—
Granted	60,000	15.46
Vested	—	—
Unvested at the end of the year	60,000	$	15.46