Year Ended June 30,

(dollars in thousands except per share data)

2020

2019

2018

Net income

$

27,545

$

28,904

$

20,929

Denominator for basic earnings per share -

Weighted-average shares outstanding

9,189,876

9,193,235

8,734,334

Effect of dilutive securities stock options or awards

9,293

10,674

11,188

Denominator for diluted earnings per share

9,199,169

9,203,909

8,745,522

Basic earnings per share available to common stockholders

$

3.00

$

3.14

$

2.40

Diluted earnings per share available to common stockholders

$

2.99

$

3.14

$

2.39