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Employee Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2017
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,
 
2017
2016
Options
Weighted-Average Exercise Price
Options
Weighted-Average Exercise Price
Outstanding at January 1
86,613

$
41.08

95,015

$
38.38

Granted
17,631

66.32

24,348

43.73

Exercised
(1,250
)
30.38

—

—

Forfeited
—

—

—

—

Outstanding at March 31
102,994

$
45.53

119,363

$
39.49

 
 
 
 
 
Exerciseable at March 31
23,276

$
36.70

35,750

$
34.79


 
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,
 
2017
2016
Proceeds from stock option exercises
$
38

$
—

Intrinsic value of stock options exercised
44

—

 
 
 
Stock-based compensation expense associated with stock options
$
65

$
60

 
 
 
At period-end:
March 31, 2017
 
Unrecognized stock-based compensation expense associated with stock options
$
563

 
Weighted average period (in years) in which the above amount is expected to be
 
 
   recognized
3.0

 
Stock Options Outstanding And Exercisable

Additional information regarding stock options outstanding and exercisable at March 31, 2017, 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

2.0
$
45

1,250

$
28.15

2.0

$
45

30.00 - 34.99
500

30.38

1.7
17

500

30.38

1.7

17

35.00 - 39.99
32,351

36.51

5.4
905

16,876

35.39

5.0

491

40.00 - 44.99
38,301

43.99

8.2
785

4,650

44.43

7.0

93

45.00 - 49.99
12,961

46.61

7.9
232

—

—

—

—

50.00 - 70.00
17,631

66.32

9.9
$
—

—

—

—

$
—

 
102,994

 
 
$
1,984

23,276

 
 
$
646
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,
 
2017
2016
Risk-free interest rate
2.12
%
1.43
%
Expected dividend yield
2.60
%
3.86
%
Volatility factor
25.80
%
30.76
%
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,
 
2017
2016
Restricted Awards
Average Market Price at Grant
Restricted Awards
Average Market Price at Grant
Outstanding at January 1
180,622

$
39.31

172,921

$
37.83

Granted
10,609

66.33

11,251

43.73

Forfeited
(750
)
42.05

—

—

Vested
(18,438
)
37.50

(14,950
)
35.52

Outstanding at March 31
172,043

$
41.16

169,222

$
37.97



Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands):

 
Three months ended March 31,
 
2017
2016
Stock-based compensation expense associated with restricted shares
$
355

$
316

 
 
 
At period-end:
March 31, 2017
 
Unrecognized stock-based compensation expense associated with restricted shares
$
3,271

 
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,
2017
2016
Components of net periodic cost:
 
 
Interest cost
$
193

$
205

Expected return on plan assets
(294
)
(288
)
Net amortization and deferral
215

212

Net Periodic Pension Cost
$
114

$
129

 
 
 
401(k) Plan expense
$
251

$
217

 
 
 
Defined benefit plan contributions
$
—

$
—