Three months ended
September 30,

Nine months ended
September 30,

(dollars in thousands, except share data)

2023

2022

2023

2022

Numerator:

Net income available to common shareholders

$

4,098

8,413

9,259

23,623

Denominator:

Weighted-average common shares outstanding – basic

8,052,926

7,972,146

8,043,410

7,954,025

Common stock equivalents

19,482

92,941

34,420

117,963

Weighted-average common shares outstanding – diluted

8,072,408

8,065,087

8,077,830

8,071,988

Earnings per common share:

Basic

$

0.51

1.06

1.15

2.97

Diluted

$

0.51

1.04

1.15

2.93