June 30,

(dollars in thousands except per share data)

2023

2022

2021

Net income

$

39,237

$

47,169

$

47,180

Less: distributed earnings allocated to participating securities

(42)

(30)

(18)

Less: undistributed earnings allocated to participating securities

(150)

(165)

(135)

Net income available to common shareholders

$

39,045

$

46,974

$

47,027

Denominator for basic earnings per share -

Weighted-average shares outstanding

10,124,766

8,994,022

9,007,814

Effect of dilutive securities stock options or awards

17,033

17,122

2,923

Denominator for diluted earnings per share

10,141,799

9,011,144

9,010,737

Basic earnings per share available to common stockholders

$

3.86

$

5.22

$

5.22

Diluted earnings per share available to common stockholders

$

3.85

$

5.21

$

5.22