Three months ended

Nine months ended

March 31,

2021

2020

2021

2020

(dollars in thousands except per share data)

Net income

$

11,458

$

5,099

$

33,491

$

20,644

Less: distributed earnings allocated to participating securities

(5)

—

(13)

—

Less: undistributed earnings allocated to participating securities

(35)

—

(91)

—

Net income available to common shareholders

$

11,418

$

5,099

$

33,387

$

20,644

Weighted-average common shares outstanding, including participating securities

9,004,034

9,197,370

9,073,545

9,210,559

Less: weighted-average participating securities outstanding (restricted shares)

(31,845)

—

(28,172)

—

Weighted-average basic common shares outstanding

8,972,189

9,197,370

9,045,373

9,210,559

Add: effect of dilutive securities, stock options, and awards

4,026

7,422

2,579

10,848

Denominator for diluted earnings per share

8,976,215

9,204,792

9,047,952

9,221,407

Basic earnings per share available to common stockholders

$

1.27

$

0.55

$

3.69

$

2.24

Diluted earnings per share available to common stockholders

$

1.27

$

0.55

$

3.69

$

2.24