Quarters Ended
September 30,

Nine Months Ended
September 30,

(Dollars in thousands, except share and per share data)

2024

2023

2024

2023

Numerator:

Net income

$

12,760

$

7,700

$

34,219

$

19,531

Less: preferred stock distributions

110

110

330

330

Net income available to common shareholders

$

12,650

$

7,590

$

33,889

$

19,201

Denominator:

Weighted average shares for basic earnings per share

13,664,542

13,522,874

13,617,960

13,556,665

Non-vested restricted stock units

—

65,609

—

57,721

Options

136,335

225,962

66,058

184,490

Weighted average shares for diluted earnings per share

13,800,877

13,814,445

13,684,018

13,798,876

Earnings per share - Basic

$

0.93

$

0.56

$

2.49

$

1.42

Earnings per share - Diluted

$

0.92

$

0.55

$

2.48

$

1.39