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STOCK-BASED COMPENSATION PLANS (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of granted stock options, Black-Scholes option-pricing model assumptions

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

 

 

2020

    

2019

    

Dividend yield

 

 

3.03

%

 

2.86

%

Expected volatility

 

 

23.11

 

 

23.80

 

Risk-free interest rate

 

 

1.47

 

 

2.52

 

Expected option life

 

 

6.0

years

 

6.0

years

 

Schedule of company's stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

 

Number

 

Average

 

Remaining

 

 

Aggregate

 

 

of

 

Exercise

 

Contractual

 

 

Intrinsic

(Dollars in thousands, except per share amounts)

     

Options

     

Price

     

Life

     

     

Value

Outstanding, January 1, 2020

 

110,660

 

$

35.71

 

 

 

 

 

 

 

Granted

 

69,360

 

 

34.87

 

 

 

 

 

 

 

Outstanding, March 31, 2020

 

180,020

 

 

35.39

 

 

9.0

years

 

$

 —

Vested and Exercisable, March 31, 2020

 

52,681

 

 

35.85

 

 

8.3

years

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

Exercise

Range of Exercise Prices

    

Options

    

Price

$34.87

 

69,360

 

$

34.87

35.35

 

63,267

 

 

35.35

36.19

 

47,393

 

 

36.19

 

 

180,020

 

 

 

 

Restricted Stock Awards  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of status of unvested restricted stock

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average Grant-Date

 

    

Shares

    

Fair Value

Unvested, January 1, 2020

 

293,717

 

$

30.37

Granted

 

86,428

 

 

31.65

Vested

 

(100,020)

 

 

28.87

Forfeited

 

(585)

 

 

32.12

Unvested, March 31, 2020

 

279,540

 

 

31.30

 

Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of status of unvested restricted stock

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average Grant-Date

 

    

Shares

    

Fair Value

Unvested, January 1, 2020

 

85,342

 

$

29.59

Granted

 

26,556

 

 

32.13

Reinvested dividends

 

663

 

 

29.59

Forfeited

 

(6,623)

 

 

28.68

Vested

 

(15,106)

 

 

25.24

Unvested, March 31, 2020

 

90,832

 

 

31.12