Three months ended June 30,

Six months ended June 30,

2023

2022

2023

2022

Basic

Net income per consolidated statements of income

$

15,561

$

23,189

$

40,637

$

42,210

Less: Earnings allocated to participating securities

(82)

(63)

(170)

(85)

Net income available to common stockholders

$

15,479

$

23,126

$

40,467

$

42,125

Weighted average common shares outstanding including participating securities

11,195,461

10,961,697

11,137,381

10,947,829

Less: Weighted average participating securities

(59,200)

(30,000)

(46,686)

(22,111)

Weighted average common shares outstanding

11,136,261

10,931,697

11,090,695

10,925,718

Basic earnings per common share

$

1.39

$

2.12

$

3.65

$

3.86

Diluted

Net income allocated to common stockholders

$

15,479

$

23,126

$

40,467

$

42,125

Weighted average common shares outstanding for basic earnings per common share

11,136,261

10,931,697

11,090,695

10,925,718

Add: Dilutive effects of assumed exercise of stock options

88,591

180,787

123,773

186,364

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

53,553

52,004

56,682

63,980

Add: Dilutive effects of assumed vesting of restricted stock units

—

25,319

—

32,930

Average shares and dilutive potential common shares

11,278,405

11,189,807

11,271,150

11,208,992

Dilutive earnings per common share

$

1.37

$

2.07

$

3.59

$

3.76