Three months ended

Nine months ended

September 30,

(dollars and shares in thousands, except per share data)

2021

2020

2021

2020

Net income

$

13,067

$

17,659

$

39,976

$

34,496

Dividends and undistributed earnings allocated to participating securities

196

315

628

600

Net income available to common shareholders

$

12,871

$

17,344

$

39,348

$

33,896

Weighted-average common shares outstanding for basic earnings per share

17,205

17,121

17,182

17,101

Dilutive effect of stock-based awards

294

332

306

334

Weighted-average common shares outstanding for diluted earnings per share

17,499

17,453

17,488

17,435

Earnings per common share:

Basic earnings per common share

$

0.75

$

1.01

$

2.29

$

1.98

Diluted earnings per common share

$

0.74

$

0.99

$

2.26

$

1.94