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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of Changes in Options Outstanding

For the Company’s stock option plans, changes in options outstanding during the three months ended March 31, 2020 were as follows:

										Weighted
						Weighted				Average		Aggregate
						Average				Remaining		Intrinsic
		Number of				Exercise				Contractual		Value
		Options				Price				Term		(In thousands)
Balance, January 1, 2020			71,420			$	13.57
Exercised during 2020			(5,600	)			13.48
Expired during 2020			—				—
Forfeited during 2020			—				—
Balance, March 31, 2020			65,820			$	13.58			2.02 years		$	291
Vested and expected to vest			65,820			$	13.58			2.02 years		$	291
Exercisable at March 31, 2020			65,820			$	13.58			2.02 years		$	291

Schedule of Changes in Non-Vested Performance-Based Shares

Changes in non-vested shares dependent on performance criteria for the three months ended March 31, 2020 were as follows:

						Weighted
						Average
		Number of				Grant Date
		Shares				Fair Value
Balance, January 1, 2020			90,768			$	30.60
Granted during 2020			130,832				13.44
Balance, March 31, 2020			221,600			$	20.47

Schedule of Changes in Service-Based Restricted Stock Awards/Units

Changes in service-based restricted stock awards/units for the three months ended March 31, 2020 were as follows:

						Weighted
						Average
		Number of				Grant Date
		Shares				Fair Value
Balance, January 1, 2020			432,728			$	29.65
Granted during 2020			439,270				13.65
Vested during 2020			(153,278	)			29.20
Forfeited during 2020			(8,349	)			31.22
Balance, March 31, 2020			710,371			$	19.83

Schedule of Calculation of Basic and Diluted Earnings per Share

The following is a reconciliation of the calculation of basic and diluted earnings per share. Basic net income per share is calculated by dividing net income available to shareholders by the weighted average shares outstanding during the reporting period. Diluted net income per share is computed similarly to that of basic net income per share, except that the denominator is increased to include the number of additional shares that would have been outstanding utilizing the Treasury Stock Method if all shares underlying potentially dilutive stock options were issued and all restricted stock, stock warrants or restricted stock units were to vest during the reporting period.

	Three Months Ended
	March 31,
(Dollars in thousands, except per share data)	2020				2019
Net income available to common shareholders	$	1,373			$	11,425
Basic weighted-average shares outstanding		18,858,343				19,350,452
Plus: common stock equivalents		221,232				307,554
Diluted weighted-average shares outstanding		19,079,575				19,658,006
Net income per share
Basic	$	0.07			$	0.59
Diluted		0.07				0.58

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Tabular disclosure of share-based payment arrangement.

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