June 30,

(dollars in thousands except per share data)

2025

2024

2023

Net income

$

58,578

$

50,182

$

39,237

Less: distributed earnings allocated to participating securities

(47)

(49)

(42)

Less: undistributed earnings allocated to participating securities

(217)

(208)

(150)

Net income available to common shareholders

$

58,314

$

49,925

$

39,045

Denominator for basic earnings per share

Weighted-average shares outstanding

11,234,703

11,292,634

10,124,766

Effect of dilutive securities stock options or awards

23,266

8,645

17,033

Denominator for diluted earnings per share

11,257,969

11,301,279

10,141,799

Basic earnings per share available to common stockholders

$

5.19

$

4.42

$

3.86

Diluted earnings per share available to common stockholders

$

5.18

$

4.42

$

3.85