Three Months Ended

Nine Months Ended

September 30,

(in thousands, except per share and share data)

2023

2022

2023

2022

Net income

$

11,104

$

11,430

$

34,907

$

31,045

Average number of basic common shares outstanding

15,155,457

15,057,598

15,134,954

15,028,963

Plus: dilutive effect of stock options and awards outstanding

40,067

55,757

53,765

71,317

Average number of diluted common shares outstanding⁽¹⁾

15,195,524

15,113,355

15,188,719

15,100,280

Earnings per share:

Basic

$

0.73

$

0.76

$

2.31

$

2.07

Diluted

0.73

0.76

2.30

2.06