STOCK-BASED COMPENSATION PLAN (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of the nonvested restricted stock awards outstanding and the assumptions used to estimate the fair value of the awards

The following table summarizes the nonvested restricted stock awards outstanding at March 31, 2015 and the assumptions used to estimate the fair value of the awards:

	Grant Date	Shares Outstanding	Fair Value Per Share		Expected Volatility		Risk-Free Interest Rate
Officers & Key Employees -	Jan. 2013 - TSR	49,514	$	22.19	21.1	%	0.40	%
	Jan. 2013 - EPS	49,514	$	25.59	N/A		N/A
	Jan. 2014 - TSR	62,192	$	21.31	20.0	%	0.80	%
	Jan. 2014 - EPS	62,192	$	27.22	N/A		N/A
	Jan. 2015 - TSR	42,378	$	26.31	16.0	%	1.10	%
	Jan. 2015 - EPS, ROE, Time	108,976	$	29.47	N/A		N/A
Directors -	Jan. 2015	25,398	$	29.34	N/A		N/A

Summary of the total stock-based compensation cost for the period

The following table summarizes the total stock-based compensation cost for the three months ended March 31, 2015 and 2014 (in thousands):

	Three Months Ended March 31,
	2015			2014
Officers & Key Employees	$	799		$	581
Directors	186			158
Total Cost	985			739
Capitalized	(91		)	(70		)
Net Expense	$	894		$	669

Summary of information regarding restricted stock award activity during the period excluding accrued dividend equivalents

The following table summarizes information regarding restricted stock award activity during the three months ended March 31, 2015, excluding accrued dividend equivalents:

	Officers &Other Key Employees		Directors		Weighted Average Fair Value
Nonvested Shares Outstanding, January 1, 2015	223,876		23,220		$	24.40
Granted	151,354		25,398		$	28.69
Cancelled/Forfeited	(464	)	—		$	24.13
Vested	—		(23,220	)	$	27.26
Nonvested Shares Outstanding, March 31, 2015	374,766		25,398		$	26.13