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Earnings Per Share | 3 Months Ended
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Sep. 30, 2023
Earnings Per Share |
Earnings Per Share | Note 7: Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended | ​
​ |  | September 30, | ​
(dollars in thousands except per share data) |  | 2023 |  | 2022 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 13,151 | ​ | $ | 9,603 | ​
Less: distributed earnings allocated to participating securities | ​ |  | (10) | ​ |  | (9) | ​
Less: undistributed earnings allocated to participating securities | ​ |  | (47) | ​ |  | (34) | ​
Net income available to common shareholders | ​ | $ | 13,094 | ​ | $ | 9,560 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for basic earnings per share - | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average shares outstanding | ​ |  | 11,286,012 | ​ |  | 9,187,857 | ​
Effect of dilutive securities stock options or awards | ​ |  | 11,803 | ​ |  | 22,610 | ​
Denominator for diluted earnings per share | ​ | ​ | 11,297,815 | ​ | ​ | 9,210,467 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share available to common stockholders | ​ | $ | 1.16 | ​ | $ | 1.04 | ​
Diluted earnings per share available to common stockholders | ​ | $ | 1.16 | ​ | $ | 1.04 | ​
​ Certain option and restricted stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive, based on the average market prices of the Company’s common stock for these periods. Outstanding options and shares of restricted stock totaling 63,706 and 57,250 were excluded from the computation of diluted earnings per share for each of the three-month periods ended September 30, 2023 and 2022, respectively.

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