STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Assumptions Used for Option Awards Granted

The assumptions presented below were used for the options granted during the three months ended March 31, 2017.

Expected dividends	0.22		%
Expected volatility	20.46		%
Risk-free interest rate	2.19		%
Expected term (in years)	7.0
Weighted-average grant date fair value	$	5.39

Schedule of Stock Option Activity

The table below summarizes stock option activity for the periods presented.

	Three months ended March 31,
	2017				2016
	Number of Options		Weighted Average Exercise Price		Number of Options	Weighted Average Exercise Price
Outstanding at beginning of period	319,364		$	14.37	278,352	$	14.37
Granted	36,177		20.25		46,512	14.28
Forfeited	(5,334	)	14.00		—	—
Exercised	(15,041	)	13.45		—	—
Outstanding at end of period	335,166		$	15.05	324,864	$	14.36
Exercisable at end of period	82,310		$	14.30	47,351	$	13.82

Time Vested Restricted Stock Award Activity

The table below summarizes the time vested restricted stock award activity for the periods presented.

	Three months ended March 31,
	2017				2016
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Balance at beginning of period	93,366		$	14.75	60,592		$	14.85
Granted	51,702		20.10		54,175		14.66
Forfeited	(3,035	)	14.72		(1,157	)	16.32
Earned and issued	(13,168	)	14.93		(1,159	)	15.33
Balance at end of period	128,865		$	16.88	112,451		$	14.74