Three- month periods ended

September 30,

(dollars in thousands except per share data)

2025

2024

Net income

$

15,650

$

12,458

Less: distributed earnings allocated to participating securities

(12)

(13)

Less: undistributed earnings allocated to participating securities

(55)

(49)

Net income available to common stockholders

$

15,583

$

12,396

Denominator for basic earnings per share

Weighted-average shares outstanding

11,246,743

11,220,766

Effect of dilutive securities stock options or awards

25,166

19,241

Denominator for diluted earnings per share

11,271,909

11,240,007

Basic earnings per share available to common stockholders

$

1.39

$

1.10

Diluted earnings per share available to common stockholders

$

1.38

$

1.10