STOCK COMPENSATION (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2019 in the 2015 Plan, the 2007 Plan and the 1999 Plan is as follows:

	For the nine months ended
	September 30, 2019
				Weighted		Aggregate
				average		intrinsic value
	Shares			exercise price		(in thousands)
Outstanding at beginning of year		223,432		$	3.93
Granted		—			—
Exercised		(64,200	)		2.04
Forfeited and expired		—			—
Outstanding at end of period		159,232			4.70	$	986
Shares subject to options exercisable at end of period		159,232			4.70	$	986

Information Related to Stock Options

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

	September 30, 2019		September 30, 2018
Intrinsic value of options exercised	$	478,000	$	450,000
Cash received from option exercises		130,000		232,000
Tax benefit realized from option exercises		73,000		67,000
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 nine months ended September 30, 2018 were as follows:

	Nine Months Ended
	September 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 nine months ended September 30, 2019 is as follows:

	For the nine months ended
	September 30, 2019
				Weighted
				average
				grant date
	Shares			fair value
Nonvested at beginning of year		210,713		$	8.15
Granted		47,507		$	9.43
Vested		(131,884	)	$	7.09
Forfeited		(834	)	$	9.10
Nonvested shares at end of period		125,502		$	9.75