Three months ended

Nine months ended

March 31,

(dollars in thousands except per share data)

2023

2022

2023

2022

Net income

$

2,409

$

9,351

$

23,676

$

34,082

Less: distributed earnings allocated to participating securities

(10)

(8)

(31)

(22)

Less: undistributed earnings allocated to participating securities

(8)

(33)

(89)

(118)

Net income available to common shareholders

$

2,391

$

9,310

$

23,556

$

33,942

Weighted-average common shares outstanding, including participating securities

10,893,199

9,060,272

9,783,773

8,948,856

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

(49,510)

(39,230)

(44,100)

(36,998)

Denominator for basic earnings per share -

Weighted-average shares outstanding

10,843,689

9,021,042

9,739,673

8,911,858

Effect of dilutive securities stock options or awards

14,652

23,004

20,459

18,488

Denominator for diluted earnings per share

10,858,341

9,044,046

9,760,132

8,930,346

Basic earnings per share available to common stockholders

$

0.22

$

1.03

$

2.42

$

3.81

Diluted earnings per share available to common stockholders

$

0.22

$

1.03

$

2.41

$

3.80