XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHARE-BASED COMPENSATION PLANS (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Outstanding Nonvested Restricted Shares
The following table presents a summary of nonvested restricted shares activity for the nine months ended September 30, 2017.
 
Shares
 
Weighted Average Grant Date Fair Value
 
 
 
 
Nonvested restricted shares, beginning of year
227,337

 
$
16.88

Granted
63,753

 
22.33

Forfeited
(8,082
)
 
18.68

Vested
(13,000
)
 
17.86

Nonvested restricted shares, at period end
270,008

 
$
18.07

Schedule of Restricted Shares Award Expense
The following table presents restricted shares compensation expense, with tax benefit information, and fair value of shares vested, for the three and nine months ended September 30, 2017 and 2016.
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands)
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Restricted share award expense
$
371

 
$
266

 
$
1,031

 
$
762

Restricted share award tax benefit
126

 
85

 
351

 
259

Fair value of shares vested
25

 
0

 
288

 
237

Summary of Outstanding Stock Options
The following table presents a summary of outstanding stock options activity for the nine months ended September 30, 2017.
 
Shares
 
Weighted Average Exercise Price
 
 
 
 
Outstanding at beginning of year
80,370

 
$
27.37

Forfeited
(1,100
)
 
21.14

Expired
(19,487
)
 
32.33

Options outstanding and exercisable, at period end
59,783

 
$
25.87

Information Pertaining to Options Outstanding and Exercisable
The following table presents information pertaining to options outstanding and exercisable at September 30, 2017.
Range of Exercise Prices
 
Number Outstanding
 
Weighted Average Remaining Contractual Life (Years)
 
Weighted Average Exercise Price
 
 
 
 
 
 
 
$21.14 - $24.99
 
33,899

 
2.65
 
$
21.48

$25.00 - $29.99
 
2,792

 
2.50
 
25.76

$30.00 - $34.99
 
15,744

 
0.73
 
30.10

$35.00 - $37.59
 
7,348

 
1.81
 
37.08

$21.14 - $37.59
 
59,783

 
2.03
 
$
25.87

Schedule of Employee Stock Purchase Plan
The following table presents information for the employee stock purchase plan for the three and nine months ended September 30, 2017 and 2016.
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollars in thousands except share information)
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Shares purchased
3,518

 
3,873

 
6,632

 
6,334

Weighted average price of shares purchased
$
21.33

 
$
16.68

 
$
20.57

 
$
16.64

Compensation expense recognized
11

 
14

 
17

 
17