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SHARE BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2016
Share Based Compensation [Abstract]  
Fair Values of all Options Granted Estimated Using Binomial Option-Pricing Model with Weighted-average Assumptions
201620152014
Dividend yield3.48%3.40%3.04%
Weighted average expected volatility41.54%42.98%46.78%
Weighted average risk-free interest rate1.42%1.42%1.56%
Weighted average expected lives (in years)5.715.425.08
Weighted average grant-date fair value$7.75$7.63$8.05
Summary of Share Option Activity
Weighted
NumberWeightedAverageAggregate
ofAverageContractualIntrinsic
CommonExerciseRemainingValue
SharesShare PriceLife(Years)(in thousands)
Balance at January 1, 2016133,779$19.68$974
Granted21,238$27.46
Exercised(44,067)$16.25$583
Forfeited or expired(2,447)$25.96
Balance at December 31, 2016108,503$22.463.6$1,902
Exercisable at December 31, 201668,672$20.042.4$1,370
Weighted average fair value of options
granted during the year$7.75
Summary of Activity for Company's Restricted Stock
NumberWeighted
ofAverage
CommonGrant-Date
(In dollars, except share data):SharesFair Value
Restricted stock at January 1, 2016218,571$23.30
Granted78,081$27.42
Vested(73,975)$22.04
Forfeited(10,031)$24.53
Restricted stock at December 31, 2016212,646$25.19