STOCK COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016
				Weighted		Aggregate
				average		intrinsic value
	Shares			exercise price		(in thousands)
Outstanding at beginning of year		572,323		$	2.56
Granted		—			—
Exercised		(8,000	)		1.48
Forfeited and expired		(600	)		2.10
Outstanding at end of period		563,723			2.58	$	1,854
Options exercisable at end of period		551,775			2.53	$	1,845

Information Related to Stock Option Plans

Information related to the stock option plans for the three months ended March 31, 2016 and 2015 follows:

	March 31, 2016		March 31, 2015
Intrinsic value of options exercised	$	33,920	$	26,400
Cash received from option exercises		11,000		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 three months ended March 31, 2015 was determined using the following weighted-average assumptions as of the grant date:

	Three months ended
	March 31, 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, 2016 is as follows:

	For the three months ended
	March 31, 2016
				Weighted
				average
				grant date
	Shares			fair value
Nonvested at beginning of year		260,490		$	4.68
Granted		159,238		$	5.95
Vested		(48,204	)	$	4.74
Forfeited		(1,014	)	$	3.59
Nonvested shares at end of period		370,510		$	5.22