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Earnings per Common Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
The following table presents the calculation of EPS:
(Dollars and shares in thousands, except per share amounts)
Three months ended March 31,20252024
Earnings for basic and diluted EPS calculations:
Net income$12,179 $10,936 
Less: dividends and undistributed earnings allocated to participating securities— (12)
Net income available to common shareholders$12,179 $10,924 
Shares for basic and diluted EPS calculations:
Weighted average common shares outstanding for basic EPS
19,276 17,033 
Dilutive effect of common stock equivalents94 41 
Weighted average common and potential common shares outstanding for diluted EPS
19,370 17,074 
EPS:
Basic earnings per common share$0.63 $0.64 
Diluted earnings per common share$0.63 $0.64 
Awards excluded from the calculation of diluted EPS:
Weighted average anti-dilutive common stock equivalents (1)
388 464 
(1)For the three months ended 2025 and 2024, weighted average anti-dilutive common stock equivalents represent share-based compensation awards not included in the calculation of common shares outstanding for purposes of calculating diluted EPS as the grant prices were greater than the average market price of Bancorp’s common stock, and therefore were anti-dilutive.