SHARE BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018		2017
Dividend yield	2.64	%	2.45	%
Weighted average expected volatility	39.13	%	40.27	%
Weighted average risk-free interest rate	2.61	%	2.14	%
Weighted average expected lives (in years)	5.61		5.67
Weighted average grant-date fair value	$11.73		$13.42

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, 2018		87,300	$	26.22		$	1,160
Granted		16,212	$	38.15
Exercised		(12,353)	$	18.78		$	249
Balance at March 31, 2018		91,159	$	29.35	4.4	$	904
Exercisable at March 31, 2018		44,462	$	23.44	2.9	$	904
Weighted average fair value of options
	granted during the year		$	11.73

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, 2018	189,035	$	30.67
Granted	36,003	$	38.15
Vested	(1,514)	$	33.04
Restricted stock at March 31, 2018	223,524	$	31.86