
(Dollars and shares in thousands, except per share amounts)
	Three Months		Six Months
Periods ended June 30,	2025	2024	2025	2024
Earnings for basic and diluted EPS calculations:
Net income	$13,245	$10,815	$25,424	$21,751
Less: dividends and undistributed earnings allocated to participating securities	—	(8)	—	(20)
Net income available to common shareholders	$13,245	$10,807	$25,424	$21,731

Shares for basic and diluted EPS calculations:




Weighted average common shares outstanding for basic EPS	19,285	17,052	19,280	17,042
Dilutive effect of common stock equivalents	89	58	92	40
Weighted average common and potential common shares outstanding for diluted EPS	19,374	17,110	19,372	17,082

EPS:
Basic earnings per common share	$0.69	$0.63	$1.32	$1.28
Diluted earnings per common share	$0.68	$0.63	$1.31	$1.27

Shares excluded from the calculation of diluted EPS:
Weighted average anti-dilutive common stock equivalents (1)	516	459	487	459

(1)For the three and six months ended June 30, 2025 and 2024, weighted average anti-dilutive common stock equivalents represent share-based compensation awards not included in the calculation of common shares outstanding for purposes of calculating diluted EPS as the grant prices were greater than the average market price of the Bancorp’s common stock, and therefore were anti-dilutive.