SHARE BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

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:

	Three Months Ended March 31,
	2016		2015
Dividend yield	3.48	%	3.40	%
Weighted average expected volatility	41.54	%	42.98	%
Weighted average risk-free interest rate	1.42	%	1.42	%
Weighted average expected lives (in years)	5.71		5.42
Weighted average grant-date fair value	$7.75		$7.63

Summary of Share Option Activity

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

					Weighted
		Number	Weighted		Average	Aggregate
		of	Average		Contractual	Intrinsic
		Common	Exercise		Remaining	Value
		Shares	Share Price		Life(Years)	(in thousands)
Balance at January 1, 2016		134,131	$	19.70		$	974
Granted		21,238	$	27.46
Exercised		(21,694)	$	13.16		$	297
Forfeited or expired		(1,060)	$	25.06
Balance at March 31, 2016		132,615	$	21.97	4.1	$	783

Exercisable at March 31, 2016		71,199	$	18.73	2.6	$	648

Weighted average fair value of options
	granted during the year		$	7.75

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, 2016	218,571	$	23.30
Granted	78,081	$	27.42
Vested	(24,553)	$	18.86
Forfeited	(3,640)	$	23.76
Restricted stock at March 31, 2016	268,459	$	24.90