SHARE BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

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. The weighted-average assumptions for the periods shown are presented in the following table:

	Three Months Ended March 31,
	2017		2016
Dividend yield	2.45	%	3.48	%
Weighted average expected volatility	40.27	%	41.54	%
Weighted average risk-free interest rate	2.14	%	1.42	%
Weighted average expected lives (in years)	5.67		5.71
Weighted average grant-date fair value	$13.42		$7.75

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, 2017		108,503	$	22.46		$	1,902
Granted		12,941	$	42.48
Exercised		(17,362)	$	17.33		$	427
Forfeited or expired		(1,455)	$	26.60
Balance at March 31, 2017		102,627	$	25.80	4.1	$	1,584
Exercisable at March 31, 2017		51,309	$	20.96	2.5	$	1,028
Weighted average fair value of options
	granted during the year		$	13.42

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, 2017	212,646	$	25.19
Granted	55,211	$	42.48
Vested	(11,765)	$	19.02
Forfeited	(3,282)	$	25.00
Restricted stock at March 31, 2017	252,810	$	29.26