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Share-Based Payments (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Nonvested Restricted Stock Shares Activity

The following is a summary of stock award activity for the three months ended March 31, 2025:

			Shares						Weighted-Average Grant-Date Fair Value
Nonvested, January 1, 2025			143,417						$	68.47
Granted			16,700						79.24
Vested			(16,833)						63.40
Forfeited			—						—
Nonvested, March 31, 2025			143,284						$	70.32

Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The grant-date fair value of stock performance awards granted during the three months ended March 31, 2025 and 2024 was determined using a Monte Carlo fair value simulation model incorporating the following assumptions:

			2025						2024
Risk-free interest rate			4.28		%				4.16		%
Expected term (in years)			3						3
Expected volatility			30.30		%				35.10		%
Dividend yield			2.50		%				2.40		%

Schedule of Share-based Compensation Arrangements by Share-based Payment Award

The following is a summary of stock performance award activity for the three months ended March 31, 2025 (share amounts reflect awards at target):

			Shares						Weighted-Average Grant-Date Fair Value
Nonvested, January 1, 2025			144,800						$	68.85
Granted			57,000						73.90
Vested			(49,000)						53.93
Forfeited			—						—
Nonvested, March 31, 2025			152,800						$	75.52

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Tabular disclosure of share-based payment arrangement.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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