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Earnings per Common Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents (stock-based awards). The following table provides information relating to the calculation of earnings per common share for the three months ended June 30, 2025 and 2024.
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands, except per share data)2025202420252024
Net income$15,507 $11,234 $29,271 $19,418 
Average number of common shares outstanding33,374,26533,233,87033,362,63233,211,558
Dilutive effect of common stock equivalents13,748—14,533—
Average number of common shares used to calculate diluted EPS33,388,01333,233,87033,377,16533,211,558
Anti-dilutive shares3,323—3,363—
Basic net income per common share$0.46 $0.34 $0.88 $0.58 
Diluted net income per common share$0.46 $0.34 $0.88 $0.58 
There were three thousand and zero anti-dilutive unvested restricted stock and performance stock unit awards excluded from the calculation of diluted earnings per share for the three months ended June 30, 2025 and 2024, respectively. There were three thousand and zero anti-dilutive unvested restricted stock and performance stock unit awards excluded from the calculation of diluted earnings per share for the six months ended June 30, 2025 and 2024, respectively.