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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below:
 
Six months ended June 30,
 
2019
2018
Options
Weighted-Average Exercise Price
Options
Weighted-Average Exercise Price
Outstanding at January 1
57,972

$
51.15

87,605

$
47.15

Exercised
(8,140
)
44.85

(25,147
)
38.51

Outstanding at June 30
49,832

$
52.18

62,458

$
50.62

 
 
 
 
 
Exerciseable at June 30
11,644

$
44.62

7,183

$
44.32


 
Information regarding stock option exercises and stock-based compensation expense associated with stock options is provided in the following table (in thousands):    
 
Six months ended June 30,
 
2019
2018
Proceeds from stock option exercises
$
365

$
968

Intrinsic value of stock options exercised
263

824

 
 
 
Stock-based compensation expense associated with stock options
$
64

$
95

 
 
 
At period-end:
June 30, 2019
 
Unrecognized stock-based compensation expense associated with stock options
$
140

 
Weighted average period (in years) in which the above amount is expected to be
 
 
   recognized
1.7

 

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,
 
2019
2018
Restricted Awards
Average Market Price at Grant
Restricted Awards
Average Market Price at Grant
Outstanding at January 1
152,692

$
51.85

170,033

$
44.34

Granted
31,006

79.86

28,363

70.03

Vested
(41,657
)
39.79

(47,104
)
37.45

Outstanding at June 30
142,041

$
61.50

151,292

$
51.30



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

 
Six months ended June 30,
 
2019
2018
Stock-based compensation expense associated with restricted shares
$
935

$
787

 
 
 
At period-end:
June 30, 2019
 
Unrecognized stock-based compensation expense associated with restricted shares
$
5,349

 
Weighted average period (in years) in which the above amount is expected to be
 
 
   recognized
3.5

 

Pension and Other Postretirement Benefits
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,
2019
2018
2019
2018
Components of net periodic cost:
 
 
 
 
Interest cost
$
140

$
147

$
280

$
295

Expected return on plan assets
(214
)
(270
)
(428
)
(540
)
Net amortization and deferral
229

218

459

436

Settlement
$

$
151

$

$
151

Net Periodic Pension Cost
$
155

$
246

$
311

$
342