SHARE BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2015

Share Based Compensation [Abstract]

Fair Values of all Options Granted Estimated Using Binomial Option-Pricing Model with Weighted-average Assumptions

The fair values of all of the options granted for the periods indicated have been estimated using a binomial option-pricing model with the weighted-average assumptions for the periods shown are presented in the following table:

	Nine Months Ended September 30,
	2015		2014
Dividend yield	3.40	%	3.04	%
Weighted average expected volatility	42.98	%	46.78	%
Weighted average risk-free interest rate	1.42	%	1.56	%
Weighted average expected lives (in years)	5.42		5.08
Weighted average grant-date fair value	$7.63		$8.05

Summary of Share Option Activity

A summary of share option activity for the period indicated is reflected in the following table:

		Number	Weighted		Average	Aggregate
		of	Average		Contractual	Intrinsic
		Common	Exercise		Remaining	Value
		Shares	Share Price		Life (Years)	(in thousands)
Balance at January 1, 2015		224,381	$	20.88		$	1,300
Granted		21,245	$	26.20
Exercised		(35,039)	$	14.55		$	417
Forfeited or expired		(71,708)	$	27.96
Balance at September 30, 2015		138,879	$	19.68	3.5	$	903
Exercisable at September 30, 2015		98,078	$	17.55	2.5	$	847
Weighted average fair value of options
	granted during the year		$	7.63

Summary of Activity for Company's Non-Vested Options

A summary of the activity for the Company’s restricted stock for the period indicated is presented in the following table:

	Number	Weighted
	of	Average
	Common	Grant-Date
(In dollars, except share data):	Shares	Fair Value
Restricted stock at January 1, 2015	226,871	$	21.07
Granted	79,860	$	26.20
Vested	(79,845)	$	19.85
Forfeited	(5,512)	$	22.97
Restricted stock at September 30, 2015	221,374	$	23.31