STOCK COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Option Activity in 2015 Plan, 2007 Plan and 1999 Plan

A summary of option activity for the six months ended June 30, 2019 in the 2015 Plan, the 2007 Plan and the 1999 Plan is as follows:

	For the six months ended
	June 30, 2019
				Weighted		Aggregate
				average		intrinsic value
	Shares			exercise price		(in thousands)
Outstanding at beginning of year		223,432		$	3.93
Granted		—			—
Exercised		(59,600	)		2.03
Forfeited and expired		—			—
Outstanding at end of period		163,832			4.63	$	815
Shares subject to options exercisable at end of period		163,832			4.63	$	815

Information Related to Stock Options

Information related to stock options for the six months ended June 30, 2019 and 2018 follows:

	June 30, 2019		June 30, 2018
Intrinsic value of options exercised	$	438,540	$	450,486
Cash received from option exercises		122,000		232,000
Tax benefit realized from option exercises		15,565		67,298
Weighted average fair value of options granted, per share	$	—	$	1.54

Information Related to Stock Options Granted

Information related to stock options granted during the six months ended June 30, 2018 were as follows:

	Six Months Ended
	June 30, 2018
Risk-free interest rate		2.69	%
Expected term (years)		5
Expected stock volatility		19.86	%
Dividend yield		2.48	%

Summary of Changes in Company's Nonvested Restricted Shares

A summary of changes in the Company’s nonvested restricted shares for the six months ended June 30, 2019 is as follows:

	For the six months ended
	June 30, 2019
				Weighted
				average
				grant date
	Shares			fair value
Nonvested at beginning of year		210,713		$	8.15
Granted		30,458		$	9.42
Vested		(116,959	)	$	6.92
Forfeited		(834	)	$	9.10
Nonvested shares at end of period		123,378		$	9.63