For the Year Ended December 31,

2024

2023

2022

(Dollars in Thousands, Except Share Data)

Basic earnings per common share

Net income

$

44,245

$

37,027

$

40,858

Less: preferred stock dividends

875

875

683

Less: earnings allocated to participating securities

1,033

938

1,106

Basic earnings allocated to common shareholders

$

42,337

$

35,214

$

39,069

Weighted-average common shares outstanding,
   excluding participating securities

8,148,259

8,131,251

8,226,943

Basic earnings per common share

$

5.20

$

4.33

$

4.75

Diluted earnings per common share

Earnings allocated to common shareholders, diluted

$

42,337

$

35,214

$

39,069

Weighted-average diluted common shares outstanding,
   excluding participating securities

8,148,259

8,131,251

8,226,943

Diluted earnings per common share

$

5.20

$

4.33

$

4.75