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BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Unearned Performance-based Restricted Stock
Shares
Outstanding, beginning of year
90,614

Awarded
—

Earned
(45,306
)
Outstanding, end of year
45,308
Schedule of Share-based Compensation, Stock Options, Activity
Aggregate information regarding the activity in the Company’s employee stock options as of December 31, 2015 is as follows:
Stock Options Outstanding
Shares
 
Weighted
Average
Exercise Price
 
Weighted
Average
Contractual Life
 
Aggregate
Intrinsic Value
Balance, beginning of year
992,850

 
$
16.30

 
0.72
 
$
66,340

Exercised
—

 
$
—

 
 
 
 
Forfeited and/or expired
(852,850
)
 
$
16.32

 
 
 
 
Balance, end of year
140,000

 
$
16.19

 
1.73
 
$
—

 
 
 
 
 
 
 
 
Exercisable, December 31, 2015
140,000

 
$
16.19

 
 
 
 

Available for grant
1,306,545

(1) 
 

 
 
 
 

 
(1)
The shares available for grant are reduced by restricted stock award grants, net of forfeitures.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes the activity for nonvested restricted stock (excluding performance-based awards) during 2015. All options outstanding are vested.
 
Shares
 
Weighted Average
Grant Date
Fair Value
Nonvested Restricted Stock
 

 
 

Outstanding, beginning of year
829,078

 
$
8.60

Granted
460,307

 
$
8.83

Vested and issued
(218,263
)
 
$
(7.93
)
Forfeited
(17,249
)
 
$
(8.33
)
Outstanding, end of year
1,053,873

 
$
8.84
Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity
Aggregate information regarding the Company’s three director plans at December 31, 2015 was as follows:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Director Units
 
 
 
Outstanding, beginning of year
271,660

 
$
6.66

Granted
16,752

 
$
8.95

Issued
—

 
$
—

Forfeited
—

 
$
—

Outstanding, end of year
288,412

 
$
7.58

 
 
 
 
Vested units
263,180

 
$
6.51

Available for grant
159,588

 
 
Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Nonvested Activity
The following table summarizes the activity for outstanding nonvested director units during 2015:
 
Shares
 
Weighted Average
Grant Date
Fair Value
Nonvested Director Units
 
 
 
Outstanding, beginning of year
21,324

 
$
7.96

Granted
16,752

 
$
8.95

Vested
(12,844
)
 
$
(8.76
)
Forfeited
—

 
$
—

Outstanding, end of year
25,232

 
$
8.62
Components of Net Periodic Benefit Costs for the SERP
The components of net periodic benefit costs for the SERP were as follows (in thousands):
 
Years Ended December 31,
 
2015
 
2014
 
2013
Interest cost
$
249

 
$
273

 
$
225

Less: expected (loss) return on plan assets
(75
)
 
(154
)
 
(100
)
Plus: Amortization of unrecognized loss
423

 
279

 
381

Net cost
$
597

 
$
398

 
$
506
Reconciliation of SERP Benefit Obligation and Fair Value of Plan Assets, Comprised Entirely of Equity Securities and Funded Status of SERP Liability
The reconciliation of the beginning and ending balances for the SERP benefit obligation and fair value of plan assets, comprised entirely of equity securities, as well as the funded status of the Company’s SERP liability, is as follows (in thousands):
 
December 31,
 
2015
 
2014
Projected benefit obligation, beginning of year
$
8,037

 
$
7,571

Interest cost
249

 
273

Actuarial loss
69

 
1,031

Benefit payments
(838
)
 
(838
)
Projected benefit obligation, end of year
$
7,517

 
$
8,037

 
 
 
 
Fair value of plan assets, beginning of year
$
1,655

 
$
2,573

Actual (loss) gain on plan assets
(591
)
 
(918
)
Fair value of plan assets, end of year
$
1,064

 
$
1,655

 
 
 
 
Unfunded status
$
(6,454
)
 
$
(6,383
)
Unrecognized net actuarial loss
6,015

 
5,704

Net accrued cost
$
(439
)
 
$
(679
)
 
 
 
 
Amounts recognized in the consolidated balance sheets consist of:
 

 
 

Accrued benefit liability
$
(6,454
)
 
$
(6,383
)
Accumulated other comprehensive loss
3,491

(1) 
3,003

Deferred tax asset
2,524

 
2,701

Net liability recognized
$
(439
)
 
$
(679
)
 
(1)
The estimated net loss for the plan that is expected to be amortized from accumulated other comprehensive loss into net periodic pension benefit cost over the next year is $485,000.
Fair Value of Paln Asset by Level Within the Fair Value Hierarchy
As of December 31, 2015, the fair value of the SERP plan asset by level within the fair value hierarchy was as follows (in thousands):
 
Level 1
 
Level 2
 
Level 3
 
Total
Asset:
 
 
 
 
 
 
 
Equity securities - TBBK
$
1,064

 
$
—

 
$
—

 
$
1,064