Three months ended June 30,

Six months ended June 30,

2024

2023

2024

2023

Basic

Net income per consolidated statements of income

$

16,799

$

15,561

$

33,002

$

40,637

Less: Earnings allocated to participating securities

—

(82)

—

(170)

Net income available to common stockholders

$

16,799

$

15,479

$

33,002

$

40,467

Weighted average common shares outstanding including participating securities

11,192,936

11,195,461

11,163,127

11,137,381

Less: Weighted average participating securities

—

(59,200)

—

(46,686)

Weighted average common shares outstanding

11,192,936

11,136,261

11,163,127

11,090,695

Basic earnings per common share

$

1.50

$

1.39

$

2.96

$

3.65

Diluted

Net income allocated to common stockholders

$

16,799

$

15,479

$

33,002

$

40,467

Weighted average common shares outstanding for basic earnings per common share

11,192,936

11,136,261

11,163,127

11,090,695

Add: Dilutive effects of assumed exercise of stock options

—

88,591

—

123,773

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

—

53,553

—

56,682

Add: Dilutive effects of assumed vesting of restricted stock units

6,800

—

Average shares and dilutive potential common shares

11,199,736

11,278,405

11,163,127

11,271,150

Dilutive earnings per common share

$

1.50

$

1.37

$

2.96

$

3.59