STOCK COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Activity in Plans

A summary of activity in the plans is as follows:

	For the three months ended
	March 31, 2015
				Weighted		Aggregate
				average		intrinsic value
	Shares			exercise price		(in thousands)
Outstanding at beginning of year		579,905		$	2.52
Granted		2,192		5.35
Exercised		(8,000	)	2
Forfeited and expired		—			—
Outstanding at end of period		574,097		2.54		$	1,710
Options exercisable at end of period		556,631		2.49		$	1,686

Information Related to Stock Option Plans

Information related to the stock option plans for the three months ended March 31, 2015 follows:

	March 31, 2015
Intrinsic value of options exercised	$	26,400
Cash received from option exercises		16,000
Tax benefit realized from option exercises		—
Weighted average fair value of options granted, per share	$	1.93

Weighted-Average Assumptions for Determining Fair Value of Options Granted

The fair value of options granted during the first quarter of 2015 was determined using the following weighted-average assumptions as of the grant date:

	January 8, 2015
Risk-free interest rate		1.49	%
Expected term (years)		5
Expected stock volatility		36.66	%
Dividend yield		0.75	%

Summary of Changes in Company's Nonvested Restricted Shares

A summary of changes in the Company’s nonvested restricted shares for the three months ended March 31, 2015 is as follows:

	For the three months ended
	March 31, 2015
				Weighted
				average
				grant date
	Shares			fair value
Nonvested at beginning of year		223,624		$	3.88
Granted		125,026			5.31
Vested		(25,608	)		4.11
Forfeited		(8,091	)		4.87
Nonvested shares at end of period		314,951		$	4.40