| Earnings per Share |
Earnings per Share The following table sets forth the computation of basic and diluted earnings per share using the two class method (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | Six months ended June 30, | | 2025 | 2024 | 2025 | 2024 | | Net income available to common shareholders | $ | 33,387 | | $ | 29,115 | | $ | 63,729 | | $ | 58,638 | | | Less: earnings allocated to participating securities | (306) | | (258) | | (541) | | (519) | | | Net earnings allocated to common shareholders | $ | 33,081 | | $ | 28,857 | | $ | 63,188 | | $ | 58,119 | | | | | | | | Distributed earnings allocated to common stock | $ | 11,346 | | $ | 10,418 | | $ | 22,691 | | $ | 20,835 | | | Undistributed earnings allocated to common stock | 21,735 | | 18,439 | | 40,497 | | 37,284 | | | Net earnings allocated to common shareholders | $ | 33,081 | | $ | 28,857 | | $ | 63,188 | | $ | 58,119 | | | | | | | | Average shares outstanding | 14,466 | | 14,695 | | 14,541 | | 14,721 | | | Effect of dilutive securities: | | | | | | Employee stock awards | 5 | | 15 | | 10 | | 19 | | | Shares for diluted earnings per share | 14,471 | | 14,710 | | 14,551 | | 14,740 | | | | | | | | Basic earnings per share | $ | 2.29 | | $ | 1.96 | | $ | 4.35 | | $ | 3.95 | | | Diluted earnings per share | $ | 2.29 | | $ | 1.96 | | $ | 4.35 | | $ | 3.94 | |
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