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Employee Benefit Plans (Tables) | 3 Months Ended
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Mar. 31, 2016
Share-based Compensation [Abstract] |
Summary Of Stock Option Activity | A summary of the Company’s stock option activity and related information is presented below:
| Three months ended March 31,
| 2016 | 2015
Options | Weighted-Average Exercise Price | Options | Weighted-Average Exercise Price
Outstanding at January 1 | 95,015 |  | $ | 38.38 |  | 167,554 |  | $ | 36.74 |
Granted | 24,348 |  | 43.73 |  | 12,961 |  | 46.41 |
Exercised | — |  | — |  | (28,500 | ) | 34.40 |
Forfeited | — |  | — |  | — |  | — |
Outstanding at March 31 | 119,363 |  | $ | 39.49 |  | 152,015 |  | $ | 38.01 |
Exerciseable at March 31 | 35,750 |  | $ | 34.79 |  | 76,750 |  | $ | 36.65 |
Information regarding stock option exercises and stock-based compensation expense associated with stock options is provided in the following table (in thousands):
| Three months ended March 31,
| 2016 | 2015
Proceeds from stock option exercises | $ | — |  | $ | 1,312 |
Intrinsic value of stock options exercised | — |  | 330 |
Stock-based compensation expense associated with stock options | $ | 60 |  | $ | 51 |
At period-end: | March 31, 2016 |
Unrecognized stock-based compensation expense associated with stock options | $ | 560 |  |
Weighted average period (in years) in which the above amount is expected to be |  |
recognized | 2.9 |  |
Stock Options Outstanding And Exercisable | Additional information regarding stock options outstanding and exercisable at March 31, 2016, is provided in the following table:
Ranges of Exercise Prices | No. of Options Outstanding | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value (in thousands) | No. of Options Currently Exercisable | Weighted-Average Exercise Price of Options Currently Exercisable | Weighted-Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value of Options Currently Exercisable (in thousands)
25.00 - 29.99 | 1,250 |  | $ | 28.15 |  | 3.0 | $ | 24 |  | 1,250 |  | $ | 28.15 |  | 3.0 |  | $ | 24 |
30.00 - 34.99 | 11,500 |  | 31.38 |  | 3.4 | 189 |  | 11,500 |  | 31.38 |  | 3.4 |  | 189 |
35.00 - 39.99 | 48,351 |  | 36.04 |  | 6.0 | 567 |  | 16,000 |  | 35.09 |  | 5.0 |  | 203 |
40.00 - 44.99 | 45,301 |  | 43.51 |  | 8.1 | 194 |  | 7,000 |  | 40.88 |  | 2.0 |  | 48 |
45.00 - 50.00 | 12,961 |  | 46.61 |  | 8.9 | 15 |  | — |  | — |  | — |  | — |
| 119,363 |  |  |  | $ | 989 |  | 35,750 |  |  |  | $ | 464 |
Weighted Average Assumptions Estimate The Fair Value Of Options Granted | The following weighted average assumptions were used to estimate the fair value of options granted:
| Three months ended March 31,
| 2016 | 2015
Risk-free interest rate | 1.43 | % | 1.95 | %
Expected dividend yield | 3.86 | % | 3.50 | %
Volatility factor | 30.76 | % | 45.40 | %
Expected life of option | 7.0 years |  | 7.0 years |
Restricted Shares Activity And Related Information | A summary of the Company’s restricted shares activity and related information is presented below:
| Three months ended March 31,
| 2016 | 2015
Restricted Awards | Average Market Price at Grant | Restricted Awards | Average Market Price at Grant
Outstanding at January 1 | 172,921 |  | $ | 37.83 |  | 163,431 |  | $ | 35.50 |
Granted | 11,251 |  | 43.73 |  | 23,940 |  | 46.31 |
Forfeited | — |  | — |  | (500 | ) | 37.50 |
Vested | (14,950 | ) | 35.52 |  | (9,450 | ) | 34.25 |
Outstanding at March 31 | 169,222 |  | $ | 37.97 |  | 177,421 |  | $ | 37.02 |
Information regarding stock-based compensation associated with restricted shares during the three months ended March 31, 2016 and 2015 is provided in the following table (in thousands):
| Three months ended March 31,
| 2016 | 2015
Stock-based compensation expense associated with restricted shares | $ | 316 |  | $ | 268 |
At period-end: | March 31, 2016 |
Unrecognized stock-based compensation expense associated with restricted shares | $ | 3,075 |  |
Weighted average period (in years) in which the above amount is expected to be |  |
recognized | 3.1 |  |
Net Periodic Pension Cost Of The Defined Benefit Plan | The following table presents details of the Company's activities pursuant to these plans (in thousands):
| Three months ended March 31,
2016 | 2015
Components of net periodic cost: |  |
Interest cost | $ | 205 |  | $ | 261 |
Expected return on plan assets | (288 | ) | (288 | )
Net amortization and deferral | 212 |  | 227 |
Net Periodic Pension Cost | $ | 129 |  | $ | 200 |
401(k) Plan expense | $ | 217 |  | $ | 229 |
Defined benefit plan contributions | $ | — |  | $ | 85 |

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