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Employee Benefit and Deferred Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Plan expense for non-contributory benefit pension plan and post-retirement health and life plans
The plan expense for the Company-sponsored noncontributory defined benefit pension plans, including the plan assumed from HeritageBank, (“Pension Benefits”) and post-retirement health and life plans (“Other Benefits”) for the periods presented was as follows:
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Other Benefits
 
Three Months Ended
 
Three Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$

 
$

 
$
5

 
$
1

Interest cost
427

 
328

 
15

 
19

Expected return on plan assets
(618
)
 
(539
)
 

 

Prior service cost recognized

 

 

 

Recognized actuarial loss
88

 
59

 
27

 
18

Net periodic benefit cost (return)
$
(103
)
 
$
(152
)
 
$
47

 
$
38


 
Pension Benefits
 
Other Benefits
 
Nine Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$

 
$

 
$
13

 
$
13

Interest cost
972

 
964

 
45

 
65

Expected return on plan assets
(1,639
)
 
(1,617
)
 

 

Prior service cost recognized

 

 

 

Recognized actuarial loss
244

 
150

 
73

 
72

Net periodic benefit (return) cost
$
(423
)
 
$
(503
)
 
$
131

 
$
150

Schedule of other share-based compensation activity
The following table summarizes the changes in stock options as of and for the nine months ended September 30, 2015:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
830,950

 
$
18.70

Granted
 

 

Exercised
 
(129,785
)
 
19.55

Forfeited
 
(7,500
)
 
30.63

Options outstanding at end of period
 
693,665

 
$
18.42

The following table summarizes the changes in restricted stock as of and for the nine months ended September 30, 2015:

 
 
Performance-Based Restricted Stock
 
Weighted Average Grant-Date Fair Value
 
Time- Based Restricted Stock
 
Weighted Average Grant-Date Fair Value
Nonvested at beginning of period
 

 
$

 
38,336

 
$
27.26

Awarded
 
81,750

 
28.93

 
103,588

 
31.74

Vested
 

 

 
(11,486
)
 
27.86

Cancelled
 
(250
)
 
28.93

 
(250
)
 
31.46

Nonvested at end of period
 
81,500

 
$
28.93

 
130,188

 
$
30.91