Three months ended

Six months ended

December 31,

(dollars in thousands except per share data)

2022

2021

2022

2021

Net income

$

11,664

$

11,985

$

21,267

$

24,731

Less: distributed earnings allocated to participating securities

(9)

(8)

(17)

(14)

Less: undistributed earnings allocated to participating securities

(43)

(46)

(78)

(85)

Net income available to common shareholders

$

11,612

$

11,931

$

21,172

$

24,632

Weighted-average common shares outstanding, including participating securities

9,229,151

8,887,303

9,229,060

8,893,149

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

(41,270)

(39,920)

(41,270)

(35,883)

Denominator for basic earnings per share -

Weighted-average shares outstanding

9,187,881

8,847,383

9,187,790

8,857,266

Effect of dilutive securities stock options or awards

22,369

21,780

22,512

15,977

Denominator for diluted earnings per share

9,210,250

8,869,163

9,210,302

8,873,243

Basic earnings per share available to common stockholders

$

1.26

$

1.35

$

2.30

$

2.78

Diluted earnings per share available to common stockholders

$

1.26

$

1.35

$

2.30

$

2.78