Three months ended

Nine months ended

September 30,

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

2022

2021

2022

2021

Net income

$

9,619

$

13,067

$

29,096

$

39,976

Dividends and undistributed earnings allocated to participating securities

90

196

312

628

Net income available to common shareholders

$

9,529

$

12,871

$

28,784

$

39,348

Weighted-average common shares outstanding for basic earnings per share

19,987

17,205

18,186

17,182

Dilutive effect of stock-based awards

243

294

245

306

Weighted-average common shares outstanding for diluted earnings per share

20,230

17,499

18,431

17,488

Earnings per common share:

Basic earnings per common share

$

0.48

$

0.75

$

1.58

$

2.29

Diluted earnings per common share

$

0.47

$

0.74

$

1.56

$

2.26