Three months ended March 31,

2022

2021

Basic

Net income per consolidated statements of income

$

19,021

$

12,117

Less: Earnings allocated to participating securities

(25)

(55)

Net income available to common stockholders

$

18,996

$

12,062

Weighted average common shares outstanding including participating securities

10,934,091

8,313,660

Less: Weighted average participating securities

(14,223)

(37,486)

Weighted average common shares outstanding

10,919,868

8,276,174

Basic earnings per common share

$

1.74

$

1.46

Diluted

Net income allocated to common stockholders

$

18,996

$

12,062

Weighted average common shares outstanding for basic earnings per common share

10,919,868

8,276,174

Add: Dilutive effects of assumed exercise of stock options

190,826

141,145

Add: Dilutive effects of assumed vesting of performance based restricted stock

73,561

—

Add: Dilutive effects of assumed vesting of restricted stock units

39,039

—

Average shares and dilutive potential common shares

11,223,294

8,417,319

Dilutive earnings per common share

$

1.69

$

1.43