Three months ended September 30,

Nine months ended September 30,

2023

2022

2023

2022

Basic

Net income per consolidated statements of income

$

22,063

$

24,955

$

62,700

$

67,165

Less: Earnings allocated to participating securities

(118)

(68)

(285)

(152)

Net income available to common stockholders

$

21,945

$

24,887

$

62,415

$

67,013

Weighted average common shares outstanding including participating securities

11,098,563

10,961,697

11,110,491

10,952,452

Less: Weighted average participating securities

(59,200)

(30,000)

(50,440)

(24,741)

Weighted average common shares outstanding

11,039,363

10,931,697

11,060,051

10,927,711

Basic earnings per common share

$

1.99

$

2.28

$

5.64

$

6.13

Diluted

Net income allocated to common stockholders

$

21,945

$

24,887

$

62,415

$

67,013

Weighted average common shares outstanding for basic earnings per common share

11,039,363

10,931,697

11,060,051

10,927,711

Add: Dilutive effects of assumed exercise of stock options

—

172,371

—

182,417

Add: Dilutive effects of assumed vesting of performance based restricted stock

76,599

45,636

63,297

53,237

Add: Dilutive effects of assumed vesting of restricted stock units

20,911

27,448

—

41,370

Average shares and dilutive potential common shares

11,136,873

11,177,152

11,123,348

11,204,735

Dilutive earnings per common share

$

1.97

$

2.23

$

5.61

$

5.98