For the Three Months Ended September 30,

For the Nine Months Ended September 30,

2024

2023

2024

2023

(Dollars in Thousands, Except
Share Data)

Basic earnings per common share

Net income

$

10,526

$

9,941

$

29,830

$

27,257

Less: preferred stock dividends

218

218

656

656

Less: earnings allocated to participating securities

228

242

682

690

Basic earnings allocated to common shareholders

$

10,080

$

9,481

$

28,492

$

25,911

Weighted-average common shares outstanding, excluding participating securities

8,111,215

8,107,641

8,149,949

8,134,587

Basic earnings per common share

$

1.24

$

1.17

$

3.50

$

3.19

Diluted earnings per common share

Earnings allocated to common shareholders, diluted

$

10,080

$

9,481

$

28,492

$

25,911

Weighted-average diluted common shares outstanding, excluding participating securities

8,111,215

8,107,641

8,149,949

8,134,587

Diluted earnings per common share

$

1.24

$

1.17

$

3.50

$

3.19