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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted

The following table presents a reconciliation of net income available to common shareholders and the number of shares used in the calculation of basic and diluted earnings per common share shown on the consolidated statements of income:

 

 

For the Three Months
Ended September 30,

 

 

For the Nine Months
Ended September 30,

 

(Dollars in thousands, except share and per share data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income

 

$

18,057

 

 

$

12,775

 

 

$

48,393

 

 

$

33,938

 

Less dividends declared, Series A Preferred Stock

 

 

1,197

 

 

 

1,198

 

 

 

3,553

 

 

 

3,553

 

Net income available to common shareholders

 

$

16,860

 

 

$

11,577

 

 

$

44,840

 

 

$

30,385

 

Weighted-average shares outstanding for basic earnings per common share

 

 

13,860,149

 

 

 

13,665,400

 

 

 

13,824,963

 

 

 

13,643,042

 

Dilutive effect of stock compensation and other dilutive securities

 

 

3,664,139

 

 

 

3,519,591

 

 

 

3,627,422

 

 

 

3,403,598

 

Weighted-average shares outstanding for diluted earnings per common share

 

 

17,524,288

 

 

 

17,184,991

 

 

 

17,452,385

 

 

 

17,046,640

 

Basic earnings per share

 

$

1.22

 

 

$

0.85

 

 

$

3.24

 

 

$

2.23

 

Diluted earnings per share

 

$

1.03

 

 

$

0.74

 

 

$

2.77

 

 

$

1.99