Three months ended

Nine months ended

March 31,

(dollars in thousands except per share data)

2024

2023

2024

2023

Net income

$

11,307

$

2,409

$

36,652

$

23,676

Less: distributed earnings allocated to participating securities

(12)

(10)

(37)

(31)

Less: undistributed earnings allocated to participating securities

(46)

(8)

(151)

(89)

Net income available to common shareholders

$

11,249

$

2,391

$

36,464

$

23,556

Denominator for basic earnings per share -

Weighted-average shares outstanding

11,301,577

10,843,689

11,298,174

9,739,673

Effect of dilutive securities stock options or awards

10,971

14,652

9,260

20,459

Denominator for diluted earnings per share

11,312,548

10,858,341

11,307,434

9,760,132

Basic earnings per share available to common stockholders

$

1.00

$

0.22

$

3.23

$

2.42

Diluted earnings per share available to common stockholders

$

0.99

$

0.22

$

3.22

$

2.41