SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2015

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

Summary of the effects of share-based compensation to options and awards granted under the Company's equity incentive plans

The following table summarizes the effects of share-based compensation to options and awards granted under the Company’s equity incentive plans for each of the periods presented:

	Year Ended December 31,
	2015			2014			2013
	(Dollars in thousands)
Salaries and employee benefits	$	4,181		$	6,101		$	6,367
Directors stock awards	78			37			45
Income tax benefit	(1,694		)	(2,443		)	(2,570		)
Net share-based compensation effect	$	2,565		$	3,695		$	3,842

Summary of option activity for stock option plans

The following is a summary of option activity for our stock option plans for the year ended December 31, 2015:

	Shares		Weighted Average Exercise Price		Weighted  Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2015	286,407		$	33.32
Changes during the year:
Exercised	(25,040	)	14.37
Expired	(4,177	)	730.00
Forfeited	(17,773	)	48.60
Outstanding at December 31, 2015	239,417		22.01		6.2	$	1,778
Exercisable at December 31, 2015	163,109		25.61		6.2	1,192

Schedule of activity of restricted stock awards and units

The table below presents the activity of restricted stock awards and units for the year ended December 31, 2015:

	Shares		Weighted Average Grant Date Fair Value
Unvested at January 1, 2015	715,460		$	15.77
Changes during the year:
Granted	173,897		19.50
Forfeited	(82,373	)	16.73
Vested	(343,067	)	15.21
Unvested at December 31, 2015	463,917		17.41