Three months ended

Six months ended

June 30,

(dollars and shares in thousands, except per share data)

2023

2022

2023

2022

Net income

$

9,104

$

9,293

$

17,290

$

19,477

Dividends and undistributed earnings allocated to participating securities

62

101

120

225

Net income available to common shareholders

$

9,042

$

9,192

$

17,170

$

19,252

Weighted-average common shares outstanding for basic earnings per share

20,033

17,297

20,030

17,271

Dilutive effect of stock-based awards

208

235

213

246

Weighted-average common shares outstanding for diluted earnings per share

20,241

17,532

20,243

17,517

Earnings per common share:

Basic earnings per common share

$

0.45

$

0.53

$

0.86

$

1.11

Diluted earnings per common share

$

0.45

$

0.52

$

0.85

$

1.10