Three months ended

Nine months ended

March 31,

(dollars in thousands except per share data)

2022

2021

2022

2021

Net income

$

9,351

$

11,458

$

34,082

$

33,491

Less: distributed earnings allocated to participating securities

(8)

(5)

(22)

(13)

Less: undistributed earnings allocated to participating securities

(33)

(35)

(118)

(91)

Net income available to common shareholders

$

9,310

$

11,418

$

33,942

$

33,387

Weighted-average common shares outstanding, including participating securities

9,060,272

9,004,034

8,948,856

9,073,545

Less: weighted-average participating securities outstanding (restricted shares)

(39,230)

(31,845)

(36,998)

(28,172)

Denominator for basic earnings per share -

Weighted-average shares outstanding

9,021,042

8,972,189

8,911,858

9,045,373

Effect of dilutive securities stock options or awards

23,004

4,026

18,488

2,579

Denominator for diluted earnings per share

9,044,046

8,976,215

8,930,346

9,047,952

Basic earnings per share available to common stockholders

$

1.03

$

1.27

$

3.81

$

3.69

Diluted earnings per share available to common stockholders

$

1.03

$

1.27

$

3.80

$

3.69