Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 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:

	Nine months ended September 30,
	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	43,819	90.56		38,512	77.21
Vested	(44,317)	72.84		(43,135)	71.89
Outstanding at September 30	140,108	$	78.62	142,132	$	73.86

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

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Stock-based compensation expense associated with restricted shares	$	681	$	738	$	2,022	$	2,083
At period-end:					September 30, 2023
Unrecognized stock-based compensation expense associated with restricted shares					$	5,679
Weighted average period (in years) in which the above amount is expected to be recognized					3.04

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 September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Components of net periodic cost:
Interest cost	$	137	$	90	$	412	$	271
Expected return on plan assets	(210)		(221)		(630)		(664)
Net amortization and deferral	86		195		257		585
Net Periodic Pension Cost	$	13	$	64	$	39	$	192