Earnings Per Share

6 Months Ended

Jun. 30, 2024

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted number of common shares outstanding during the period and the number of common shares that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period.


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands except per share data)	2024		2023		2024		2023
Net income available to common shareholders	$	15,041	$	13,192	$	31,996	$	30,271

Weighted average common shares outstanding	11,476		11,424		11,449		11,419
Diluted effect of stock-based awards	6		13		26		37
Diluted common shares	11,482		11,437		11,475		11,456

Basic earnings per common share	$	1.31	$	1.15	$	2.79	$	2.65
Diluted earnings per common share	$	1.31	$	1.15	$	2.79	$	2.64