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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2014
SHARE-BASED COMPENSATION.  
Summary of the effects of share-based compensation to options and awards granted under the Company's equity incentive plans

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Salaries and employee benefits

 

$

6,101

 

$

6,367

 

$

4,432

 

Directors stock awards

 

37

 

45

 

90

 

Legal and professional services

 

 

 

59

 

Income tax benefit

 

(2,443

)

(2,570

)

 

Net share-based compensation effect

 

$

3,695

 

$

3,842

 

$

4,581

 

 

Schedule of weighted-average assumptions used in estimating the fair value of the stock options granted to employees

 

 

 

Year Ended
December 31, 2012

 

Expected volatility

 

77.2 

%

Risk free interest rate

 

1.8 

%

Expected dividends

 

1.0 

%

Expected life (in years)

 

8.0 

 

Weighted average fair value

 

$

9.65 

 

 

Summary of option activity for stock option plans

 

 

 

 

 

 

 

Weighted Average

 

Aggregate

 

 

 

 

 

Weighted

 

Remaining

 

Intrinsic

 

 

 

 

 

Average

 

Contractual Term

 

Value

 

 

 

Shares

 

Exercise Price

 

(in years)

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2014

 

302,648

 

$

51.79

 

 

 

 

 

Changes during the year:

 

 

 

 

 

 

 

 

 

Exercised

 

(5,187

)

14.31

 

 

 

 

 

Expired

 

(9,485

)

546.31

 

 

 

 

 

Forfeited

 

(1,569

)

556.65

 

 

 

 

 

Outstanding at December 31, 2014

 

286,407

 

33.32

 

7.1

 

$

1,956

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2014

 

286,407

 

33.32

 

7.1

 

1,956

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2014

 

146,908

 

51.35

 

6.9

 

957

 

 

Schedule of activity of restricted stock awards and units

 

 

 

 

 

Weighted Average

 

 

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

 

 

 

 

 

 

 

Nonvested at January 1, 2014

 

835,904

 

$

14.75

 

Changes during the year:

 

 

 

 

 

Granted

 

198,215

 

18.61

 

Forfeited

 

(40,228

)

14.88

 

Vested

 

(278,431

)

14.63

 

Nonvested at December 31, 2014

 

715,460

 

15.77

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2014

 

715,460

 

15.77