Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding. Diluted earnings per share is computed using the treasury stock method and reflects the potential dilution from the Company’s outstanding restricted stock units and performance restricted stock units.


	Year Ended December 31,
(dollars in thousands)		2025		2024		2023

Numerator:
Net income		$	77,008	$	71,780	$	65,842
Earnings allocated to participating securities		—		—		(36)
Numerator for earnings per share - basic and diluted		$	77,008	$	71,780	$	65,806

Denominator:
Weighted average common shares outstanding		31,502,351		31,590,117		31,626,308
Dilutive effect of outstanding restricted stock units		108,953		122,363		111,839
Weighted average common shares outstanding, including all dilutive potential shares		31,611,304		31,712,480		31,738,147

Earnings per share - basic		$	2.44	$	2.27	$	2.08
Earnings per share - diluted		$	2.44	$	2.26	$	2.07