Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2023

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:

	Three months ended March 31,
	2023			2022
	Restricted Awards	Average Market Price at Grant		Restricted Awards	Average Market Price at Grant
Outstanding at January 1	140,606	$	73.87	146,755	$	72.16
Granted	17,728	95.64		19,034	75.69
Vested	(25,451)	74.57		(25,330)	78.77
Outstanding at March 31	132,883	$	75.48	140,459	$	71.75

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

	Three months ended March 31,
	2023		2022
Stock-based compensation expense associated with restricted shares	$	708	$	662
At period-end:	March 31, 2023
Unrecognized stock-based compensation expense associated with restricted shares	$	4,819
Weighted average period (in years) in which the above amount is expected to be recognized	2.7

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 March 31,
	2023		2022
Components of net periodic cost:
Interest cost	$	137	$	90
Expected return on plan assets	(210)		(221)
Net amortization and deferral	86		195
Net Periodic Pension Cost	$	13	$	64