STOCK-BASED COMPENSATION PLAN (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016 and the assumptions used to estimate the fair value of the awards:

	Grants	Shares Outstanding	Fair Value Per Share		Expected Volatility		Risk-Free Interest Rate
Officers & Key Employees -	2014 - TSR	51,042	$	21.31	20.0	%	0.80	%
	2014 - EPS	51,042	$	27.22	N/A		N/A
	2015 - TSR	34,406	$	26.31	16.0	%	1.10	%
	2015 - EPS, ROE, Time	75,300	$	29.47	N/A		N/A
	2016 - TSR	67,466	$	22.01	18.1	%	1.31	%
	2016 - EE, Time	125,294	$	23.52	N/A		N/A
Directors -	2016	32,882	$	23.52	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, 2016 and 2015 (in thousands):

	Three Months Ended March 31,
	2016			2015
Officers & Key Employees	$	817		$	799
Directors	193			186
Total Cost	1,010			985
Capitalized	(106		)	(91		)
Net Expense	$	904		$	894

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, 2016, excluding accrued dividend equivalents:

	Officers &Other Key Employees		Directors		Weighted Average Fair Value
Nonvested Shares Outstanding, January 1, 2016	226,191		26,338		$	26.89
Granted	192,760		32,882		$	23.07
Cancelled/Forfeited	(1,154	)	—		$	26.24
Vested	(13,247	)	(26,338	)	$	29.30
Nonvested Shares Outstanding, March 31, 2016	404,550		32,882		$	24.70