Year Ended December 31,

 

2025

 

2024

 

2023

Basic

Net income per consolidated statements of income

$

71,098

$

66,686

$

77,268

Less: Earnings allocated to participating securities

—

(365)

Net income available to common stockholders

$

71,098

$

66,686

$

76,903

Weighted average common shares outstanding including participating securities

10,594,606

11,179,074

11,112,572

Less: Weighted average participating securities

—

(52,462)

Weighted average common shares outstanding

10,594,606

11,179,074

11,060,110

Basic earnings per common share

$

6.71

$

5.97

6.95

Diluted

Net income allocated to common stockholders

$

71,098

$

66,686

$

76,903

Weighted average common shares outstanding for basic earnings per common share

10,594,606

11,179,074

11,060,110

Add: Dilutive effects of assumed vesting of performance based restricted stock units

28,940

—

69,790

Add: Dilutive effects of assumed vesting of restricted stock units

118,124

76,149

—

Average shares and dilutive potential common shares

10,741,670

11,255,223

11,129,900

Dilutive earnings per common share

$

6.62

$

5.93

$

6.91