Three months ended

September 30,

(dollars in thousands except per share data)

2024

2023

Net income

$

12,458

$

13,151

Less: distributed earnings allocated to participating securities

(13)

(10)

Less: undistributed earnings allocated to participating securities

(49)

(47)

Net income available to common shareholders

$

12,396

$

13,094

Denominator for basic earnings per share -

Weighted-average shares outstanding

11,220,766

11,286,012

Effect of dilutive securities stock options or awards

19,241

11,803

Denominator for diluted earnings per share

11,240,007

11,297,815

Basic earnings per share available to common stockholders

$

1.10

$

1.16

Diluted earnings per share available to common stockholders

$

1.10

$

1.16