Three Months Ended June 30,

Six Months Ended June 30,

2023

2022

2023

2022

(dollars in thousands)

Numerator:

Net income

$

18,473

$

14,085

$

27,681

$

27,689

Earnings allocated to participating securities

(11)

(17)

(16)

(34)

Numerator for earnings per share - basic and diluted

$

18,462

$

14,068

$

27,665

$

27,655

Denominator:

Weighted average common shares outstanding

31,980,133

28,891,202

31,481,439

28,938,634

Dilutive effect of outstanding restricted stock units

99,850

53,674

84,981

48,688

Weighted average common shares outstanding, including all dilutive potential shares

32,079,983

28,944,876

31,566,420

28,987,322

Earnings per share - Basic

$

0.58

$

0.49

$

0.88

$

0.96

Earnings per share - Diluted

$

0.58

$

0.49

$

0.88

$

0.95