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Earnings per Common Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Calculation of Earnings per Share
The following table presents the calculation of EPS:
(Dollars and shares in thousands, except per share amounts)
Three MonthsNine Months
Periods ended September 30, 2025202420252024
Earnings for basic and diluted EPS calculations:
Net income$10,846 $10,981 $36,270 $32,732 
Less: dividends and undistributed earnings allocated to participating securities— (8)— — 
Net income available to common shareholders$10,846 $10,973 $36,270 $32,732 
Shares for basic and diluted EPS calculations:
Weighted average common shares outstanding for basic EPS
19,128 17,058 19,229 17,048 
Dilutive effect of common stock equivalents115 82 100 67 
Weighted average common and potential common shares outstanding for diluted EPS
19,243 17,140 19,329 17,115 
EPS:
Basic earnings per common share$0.57 $0.64 $1.89 $1.92 
Diluted earnings per common share$0.56 $0.64 $1.88 $1.91 
Shares excluded from the calculation of diluted EPS:
Weighted average anti-dilutive common stock equivalents (1)
429 404 430 451 
(1)For the three and nine months ended September 30, 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 the Bancorp’s common stock, and therefore were anti-dilutive.