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Employee Benefit Plans (Tables) | 6 Months Ended
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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,
| 2024 | 2023
Restricted Awards | Average Market Price at Grant | Restricted Awards | Average Market Price at Grant
Outstanding at January 1 | 135,558 |  | $ | 79.19 |  | 140,606 |  | $ | 73.87 |
Granted | 37,991 |  | 100.32 |  | 35,663 |  | 91.90 |
Vested/Forfeited | (42,609) |  | 77.13 |  | (43,417) |  | 73.02 |
Outstanding at June 30 | 130,940 |  | $ | 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,
| 2024 | 2023 | 2024 | 2023
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 recognized |  |  | 3.38 |
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,
2024 | 2023 | 2024 | 2023
Components of net periodic cost: |  |  |  |
Interest cost | $ | 129 |  | $ | 137 |  | $ | 259 |  | $ | 274 |
Expected return on plan assets | (207) |  | (210) |  | (414) |  | (420) |
Net amortization and deferral | 93 |  | 86 |  | 186 |  | 172 |
Net Periodic Pension Cost | $ | 15 |  | $ | 13 |  | $ | 31 |  | $ | 26 |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- References No definition available. + Details
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