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SHARE BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2019
Share Based Compensation [Abstract]  
Fair Values of all Options Granted Estimated Using Binomial Option-Pricing Model with Weighted-average Assumptions

 

 

Six Months Ended June 30,

 

 

2019

 

2018

Dividend yield

 

-

%

 

2.64

%

Weighted average expected volatility

 

-

%

 

39.13

%

Weighted average risk-free interest rate

 

-

%

 

2.61

%

Weighted average expected lives (in years)

 

-

 

 

5.61

 

Weighted average grant-date fair value

 

-

 

 

$11.73

 

Summary of Share Option Activity

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Number

 

Weighted

 

Average

 

Aggregate

 

 

 

of

 

Average

 

Contractual

 

Intrinsic

 

 

 

Common

 

Exercise

 

Remaining

 

Value

 

 

 

Shares

 

Share Price

 

Life (Years)

 

(in thousands)

Balance at January 1, 2019

 

81,508

 

$

29.74

 

 

 

$

369

Granted

 

-

 

$

-

 

 

 

 

 

Exercised

 

(10,897)

 

$

20.56

 

 

 

$

145

Forfeited

 

(1,007)

 

$

37.11

 

 

 

 

 

Expired

 

(142)

 

$

42.48

 

 

 

 

 

Balance at June 30, 2019

 

69,462

 

$

31.05

 

3.6

 

$

403

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2019

 

55,362

 

$

28.94

 

3.1

 

$

403

 

 

 

 

 

 

 

 

 

 

 

Weighted average fair value of options

 

 

 

 

 

 

 

 

 

 

granted during the year

 

 

 

$

-

 

 

 

 

 

Summary of Activity for Company's Restricted Stock

 

 

Number

 

Weighted

 

 

of

 

Average

 

 

Common

 

Grant-Date

(In dollars, except share data):

 

Shares

 

Fair Value

Restricted stock at January 1, 2019

 

203,603

 

$

35.14

Granted

 

96,191

 

$

33.27

Vested

 

(69,842)

 

$

31.55

Forfeited

 

(6,673)

 

$

33.16

Restricted stock at June 30, 2019

 

223,279

 

$

35.52