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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Retirement Benefits [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, 2017:
 
2017
 
Number of Stock Options Outstanding
 
Weighted Average Exercise Price Per Share
 
Weighted Average Remaining Contractual Term
 
Aggregate Intrinsic value
 
 
 
 
 
(in years)
 
(dollars in thousands)
Outstanding at January 1, 2017
1,083,667

 
$
12.61

 
 
 
 
Granted
210,977

 
20.40

 
 
 
 
Exercised
(333,959
)
 
13.49

 
 
 
 
Forfeited and Expired
(6,162
)
 
34.68

 
 
 
 
Outstanding at December 31, 2017
954,523

 
$
13.89

 
5.8
 
$
24,926

Vested and Exercisable at December 31, 2017
749,281

 
$
12.47

 
5.3
 
$
20,627

Schedule of assumptions used for valuing options granted with the Black-Scholes model
Options granted under the Option Plans during 2017, 2016 and 2015 were valued using the Black-Scholes model with the following average assumptions:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Expected volatility
22.43% - 28.77%
 
21.98% - 26.88%
 
29.47%
Expected term
.33 - 6 Years
 
6.00 Years
 
6.00 Years
Expected dividends
None
 
None
 
None
Risk free rate
1.03% - 2.02%
 
1.32% - 1.83%
 
1.39%
Weighted-average grant date fair value
$19.66
 
$5.55
 
$4.73
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, 2017:
 
2017
 
Shares
 
Weighted Average Grant-Date Fair Value per share
Unvested at the beginning of the year
370,334

 
$
23.53

Granted
201,544

 
38.70

Vested
(125,035
)
 
26.26

Forfeited

 

Unvested at the end of the year
446,843

 
$
29.61