Year Ended December 31,

2022

2021

2020

Basic

Net income per consolidated statements of income

$

59,425

$

60,555

$

39,466

Less: Earnings allocated to participating securities

(141)

(739)

(344)

Net income available to common stockholders

$

59,284

$

59,816

$

39,122

Weighted average common shares outstanding including participating securities

10,955,077

9,123,037

8,293,677

Less: Weighted average participating securities

(26,056)

(111,337)

(72,248)

Weighted average common shares outstanding

10,929,021

9,011,700

8,221,429

Basic earnings per common share

5.42

6.64

4.76

Diluted

Net income allocated to common stockholders

$

59,284

$

59,816

$

39,122

Weighted average common shares outstanding for basic earnings per common share

10,929,021

9,011,700

8,221,429

Add: Dilutive effects of assumed exercise of stock options

170,648

170,792

103,463

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

56,711

51,581

73,552

Add: Dilutive effects of assumed vesting of restricted stock units

43,804

38,749

—

Average shares and dilutive potential common shares

11,200,184

9,272,822

8,398,444

Dilutive earnings per common share

$

5.29

$

6.45

$

4.66