For the Three Months Ended March 31,

2025

2024

(Dollars in Thousands, Except
Share Data)

Basic earnings per common share

Net income

$

11,171

$

8,848

Less: preferred stock dividends

219

219

Less: earnings allocated to participating securities

237

214

Basic earnings allocated to common shareholders

$

10,715

$

8,415

Weighted-average common shares outstanding, excluding participating securities

8,130,743

8,125,319

Basic earnings per common share

$

1.32

$

1.04

Diluted earnings per common share

Earnings allocated to common shareholders, diluted

$

10,715

$

8,415

Weighted-average diluted common shares outstanding, excluding participating securities

8,130,743

8,125,319

Diluted earnings per common share

$

1.32

$

1.04