Three months ended September 30,

Nine months ended September 30,

2024

2023

2024

2023

Basic

Net income per consolidated statements of income

$

12,266

$

22,063

$

45,268

$

62,700

Less: Earnings allocated to participating securities

—

(118)

—

(285)

Net income available to common stockholders

$

12,266

$

21,945

$

45,268

$

62,415

Weighted average common shares outstanding including participating securities

11,193,063

11,098,563

11,173,214

11,110,491

Less: Weighted average participating securities

—

(59,200)

—

(50,440)

Weighted average common shares outstanding

11,193,063

11,039,363

11,173,214

11,060,051

Basic earnings per common share

$

1.10

$

1.99

$

4.05

$

5.64

Diluted

Net income allocated to common stockholders

$

12,266

$

21,945

$

45,268

$

62,415

Weighted average common shares outstanding for basic earnings per common share

11,193,063

11,039,363

11,173,214

11,060,051

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

18,096

76,599

—

63,297

Add: Dilutive effects of assumed vesting of restricted stock units

101,614

20,911

35,257

—

Average shares and dilutive potential common shares

11,312,773

11,136,873

11,208,471

11,123,348

Dilutive earnings per common share

$

1.08

$

1.97

$

4.04

$

5.61