Three months ended March 31,

2024

2023

Basic

Net income per consolidated statements of income

$

16,203

$

25,076

Less: Earnings allocated to participating securities

—

(84)

Net income available to common stockholders

$

16,203

$

24,992

Weighted average common shares outstanding including participating securities

11,132,989

11,081,924

Less: Weighted average participating securities

—

(37,300)

Weighted average common shares outstanding

11,132,989

11,044,624

Basic earnings per common share

$

1.46

$

2.26

Diluted

Net income allocated to common stockholders

$

16,203

$

24,992

Weighted average common shares outstanding for basic earnings per common share

11,132,989

11,044,624

Add: Dilutive effects of assumed exercise of stock options

—

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

—

58,384

Add: Dilutive effects of assumed vesting of restricted stock units

—

Average shares and dilutive potential common shares

11,132,989

11,103,008

Dilutive earnings per common share

$

1.46

$

2.25