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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
Six months ended June 30,
 20242023
Restricted AwardsAverage Market Price at GrantRestricted AwardsAverage Market Price at Grant
Outstanding at January 1135,558 $79.19 140,606 $73.87 
Granted37,991 100.32 35,663 91.90 
Vested/Forfeited(42,609)77.13 (43,417)73.02 
Outstanding at June 30130,940 $84.22 132,852 $78.06 

Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Stock-based compensation expense associated with restricted shares$707 $633 $1,455 $1,341 
At period-end:June 30, 2024
Unrecognized stock-based compensation expense associated with restricted shares$6,429 
Weighted average period (in years) in which the above amount is expected to be recognized3.38
Schedule of Net Benefit Costs
The following table presents the components of the Company's net periodic benefit cost, which is included in the line item "other expenses" in the consolidated statements of income (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Components of net periodic cost:  
Interest cost$129 $137 $259 $274 
Expected return on plan assets(207)(210)(414)(420)
Net amortization and deferral93 86 186 172 
Net Periodic Pension Cost$15 $13 $31 $26