Three Months Ended March 31,

2024

2023

Basic

Net income available to common shareholders

$

15,412

$

10,680

Less: Earnings allocated to participating securities

(84)

(64)

Net income allocated to common shareholders

$

15,328

$

10,616

Weighted average common shares outstanding including participating securities

10,233,347

9,772,852

Less: Participating securities (1)

(55,415)

(58,668)

Average shares

10,177,932

9,714,184

Basic earnings per common shares

$

1.51

$

1.09

Diluted

Net income available to common shareholders

$

15,412

$

10,680

Weighted average common shares outstanding for basic earnings per common share

10,177,932

9,714,184

Add: Dilutive effects of stock based compensation awards

23,441

23,695

Average shares and dilutive potential common shares

10,201,373

9,737,879

Diluted earnings per common share

$

1.51

$

1.09