SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Changes in Options Outstanding

For the Company’s stock option plans, changes in options outstanding during the nine months ended September 30, 2020 were as follows:

						Weighted
				Weighted		Average	Aggregate
				Average		Remaining	Intrinsic
	Number of			Exercise		Contractual	Value
	Options			Price		Term	(In thousands)
Balance, January 1, 2020		71,420		$	13.57
Exercised during 2020		(8,400	)		13.84
Expired during 2020		—			—
Forfeited during 2020		(400	)		11.01
Balance, September 30, 2020		62,620		$	13.55	1.51 years	$	113
Vested and expected to vest		62,620		$	13.55	1.51 years	$	113
Exercisable at September 30, 2020		62,620		$	13.55	1.51 years	$	113

Schedule of Changes in Non-Vested Performance-Based Shares

Changes in non-vested shares dependent on performance criteria for the nine months ended September 30, 2020 were as follows:

			Weighted
			Average
	Number of		Grant Date
	Shares		Fair Value
Balance, January 1, 2020		90,768	$	30.60
Granted during 2020		130,832		13.44
Balance, September 30, 2020		221,600	$	20.47

Schedule of Changes in Service-Based Restricted Stock Awards/Units

Changes in service-based restricted stock awards/units for the nine months ended September 30, 2020 were as follows:

				Weighted
				Average
	Number of			Grant Date
	Shares			Fair Value
Balance, January 1, 2020		432,728		$	29.65
Granted during 2020		528,038			14.08
Vested during 2020		(160,884	)		29.16
Forfeited during 2020		(8,349	)		31.22
Balance, September 30, 2020		791,533		$	19.35

Schedule of Calculation of Basic and Diluted Earnings per Share

The following is a reconciliation of the calculation of basic and diluted earnings per share. Basic net income per share is calculated by dividing net income available to shareholders by the weighted average shares outstanding during the reporting period. Diluted net income per share is computed similarly to that of basic net income per share, except that the denominator is increased to include the number of additional shares that would have been outstanding utilizing the Treasury Stock Method if all shares underlying potentially dilutive stock options were issued and all restricted stock, stock warrants or restricted stock units were to vest during the reporting period.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per share data)	2020		2019		2020		2019
Net income available to common shareholders	$	13,547	$	12,226	$	23,162	$	35,201
Basic weighted-average shares outstanding		18,908,337		19,314,666		18,879,688		19,370,627
Plus: common stock equivalents		224,313		170,239		172,917		126,094
Diluted weighted-average shares outstanding		19,132,650		19,484,905		19,052,605		19,496,721
Net income per share
Basic	$	0.72	$	0.63	$	1.23	$	1.82
Diluted		0.71		0.63		1.22		1.81