Three Months Ended September 30,

Nine Months Ended September 30,

(in thousands, except per share data)

2023

2022

2023

2022

Basic

Net income available to common shareholders

$

14,804

$

10,533

$

39,616

$

32,370

Less: Earnings allocated to participating securities

(83)

(76)

(228)

(247)

Net income allocated to common shareholders

$

14,721

$

10,457

$

39,388

$

32,123

Weighted average common shares outstanding including participating securities

10,388,909

8,265,186

10,186,107

7,796,259

Less: Participating securities (1)

(58,130)

(59,272)

(58,399)

(59,170)

Average shares

10,330,779

8,205,914

10,127,708

7,737,089

Basic earnings per common shares

$

1.43

$

1.26

$

3.89

$

4.15

Diluted

Net income available to common shareholders

$

14,804

$

10,533

$

39,616

$

32,370

Weighted average common shares outstanding for basic earnings per common share

10,330,779

8,205,914

10,127,708

7,737,089

Add: Dilutive effects of stock based compensation awards

22,842

22,283

23,282

20,637

Average shares and dilutive potential common shares

10,353,621

8,228,197

10,150,990

7,757,726

Diluted earnings per common share

$

1.43

$

1.26

$

3.89

$

4.15