v3.25.2
Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2025
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,
 20252024
Restricted AwardsAverage Market Price at GrantRestricted AwardsAverage Market Price at Grant
Outstanding at January 1134,949 $84.90 135,558 $79.19 
Granted40,495 114.73 28,680 100.32 
Vested/Forfeited(42,120)72.16 (33,298)77.59 
Outstanding at June 30133,324 $97.59 130,940 $84.22 

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,
2025202420252024
Stock-based compensation expense associated with restricted shares, RSUs, and PSUs$838 $707 $1,557 $1,455 
At period-end:June 30, 2025June 30, 2024
Unrecognized stock-based compensation expense associated with restricted shares$8,174 $6,429 
Weighted average period (in years) in which the above amount is expected to be recognized3.33.4
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,
2025202420252024
Components of net periodic cost:  
Interest cost$131 $129 $262 $259 
Expected return on plan assets(206)(207)(411)(414)
Net amortization and deferral51 93 101 186 
Net Periodic Pension (Benefit) Cost$(24)$15 $(48)$31