Three months ended

September 30,

(dollars in thousands except per share data)

2023

2022

Net income

$

13,151

$

9,603

Less: distributed earnings allocated to participating securities

(10)

(9)

Less: undistributed earnings allocated to participating securities

(47)

(34)

Net income available to common shareholders

$

13,094

$

9,560

Denominator for basic earnings per share -

Weighted-average shares outstanding

11,286,012

9,187,857

Effect of dilutive securities stock options or awards

11,803

22,610

Denominator for diluted earnings per share

11,297,815

9,210,467

Basic earnings per share available to common stockholders

$

1.16

$

1.04

Diluted earnings per share available to common stockholders

$

1.16

$

1.04