Three months ended

March 31,

(dollars and shares in thousands, except per share data)

2022

2021

Net income

$

10,184

$

15,215

Dividends and undistributed earnings allocated to participating securities

125

254

Net income available to common shareholders

$

10,059

$

14,961

Weighted-average common shares outstanding for basic earnings per share

17,244

17,145

Dilutive effect of stock-based awards

256

320

Weighted-average common shares outstanding for diluted earnings per share

17,500

17,465

Earnings per common share:

Basic earnings per common share

$

0.58

$

0.87

Diluted earnings per common share

$

0.57

$

0.86