SHARE BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2014

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:



	Nine Months Ended September 30,
	2014		2013
Dividend yield	3.04	%	2.80	%
Weighted average expected volatility	46.78	%	53.87	%
Weighted average risk-free interest rate	1.56	%	0.83	%
Weighted average expected lives (in years)	5.08		5.34
Weighted average grant-date fair value	$ 8.05		$ 7.99

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, 2014	307,800	$	25.23		$	1,768
Granted	21,251	$	24.75
Exercised	(13,834)	$	13.72		$	147
Forfeited or expired	(2,500)		28.59
Balance at September 30, 2014	312,717	$	25.68	2.0	$	848

Exercisable at September 30, 2014	271,580	$	26.18	1.4	$	787

Weighted average fair value of options
granted during the year		$	8.05

Summary of Activity for Company's Restricted Stock

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, 2014	227,064	$	18.61
Granted	79,416	$	24.75
Vested	(76,037)	$	17.53
Forfieted	(2,885)	$	21.95
Restricted stock at September 30, 2014	227,558	$	21.07