Three Months Ended March 31,

2023

2022

(dollars in thousands, except per share data)

Earnings per common share - basic:

Numerator:

Net income

$

12,416

$

13,316

Less dividends and undistributed earnings allocated
   to participating securities

(26

)

(59

)

Net income applicable to common shareholders

$

12,390

$

13,257

Denominator:

Weighted average common shares outstanding

7,792

6,948

 Earnings per common share - basic

$

1.59

$

1.91

Earnings per common share - diluted:

Numerator:

Net income

$

12,416

$

13,316

Less dividends and undistributed earnings allocated
   to participating securities

(26

)

(59

)

Net income applicable to common shareholders

$

12,390

$

13,257

Denominator:

Weighted average common shares outstanding

7,792

6,948

Dilutive effect of common stock equivalents

34

63

Weighted average diluted common shares outstanding

7,826

7,011

Earnings per common share - diluted

$

1.58

$

1.89