v3.26.1
Employee Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2026
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,
 20262025
Restricted AwardsAverage Market Price at GrantRestricted AwardsAverage Market Price at Grant
Outstanding at January 1133,624 $97.80 134,949 $84.90 
Granted11,023 122.83 8,989 120.20 
Vested/Forfeited(17,218)103.04 (29,927)74.40 
Outstanding at March 31127,429 $99.60 114,011 $84.88 

Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands):
Three months ended March 31,
20262025
Stock-based compensation expense associated with restricted shares, RSUs, and PSUs$858 $719 
At period-end:March 31, 2026
Unrecognized stock-based compensation expense associated with restricted shares$6,841 
Weighted average period (in years) in which the above amount is expected to be recognized3.0
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 March 31,
20262025
Components of net periodic cost:  
Interest cost$119 $131 
Expected return on plan assets(205)(206)
Net amortization and deferral44 51 
Net Periodic Pension (Benefit) Cost$(42)$(24)