Three months ended

March 31,

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

2024

2023

Net income

$

6,432

$

8,186

Dividends and undistributed earnings allocated to participating securities

40

57

Net income available to common stockholders

$

6,392

$

8,129

Weighted-average common shares outstanding for basic earnings per share

19,739

20,028

Dilutive effect of stock-based awards

247

218

Weighted-average common shares outstanding for diluted earnings per share

19,986

20,246

Earnings per common share:

Basic earnings per common share

$

0.32

$

0.41

Diluted earnings per common share

$

0.32

$

0.40