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Stock Compensation Plans (Policies)
12 Months Ended
Dec. 31, 2016
Policies  
Stock Compensation Plans

Stock Compensation Plans

 

The Company has stock-based employee compensation plans, which are described more fully in Note 21.  In accordance with FASB ASC 718, Compensation – Stock Compensation, compensation cost related to share-based payment transactions is recognized in the Company’s consolidated financial statements based on the grant-date fair value of the award using the modified prospective transition method.  For the years ended December 31, 2016, 2015 and 2014, share-based compensation expense totaling $483,000, $382,000 and $565,000, respectively, was included in salaries and employee benefits expense in the consolidated statements of income.