| Schedule of Earnings Per Share, Basic and Diluted |
The following is a summary of the basic and diluted earnings per share computation (dollars in thousands, except share and per share data): | | | | | | | | | | | | 2025 | | 2024 | | 2023 | Basic earnings per share computation: | | | | | | | | | | Net income available to common shareholders | | $ | 50,347 | | $ | 36,141 | | $ | 28,593 | Average common shares outstanding – basic | | | 16,779,019 | | | 16,768,956 | | | 16,805,068 | Basic earnings per share | | $ | 3.00 | | $ | 2.16 | | $ | 1.70 | Diluted earnings per share computation: | | | | | | | | | | Net income available to common shareholders | | $ | 50,347 | | $ | 36,141 | | $ | 28,593 | Average common shares outstanding – basic | | | 16,779,019 | | | 16,768,956 | | | 16,805,068 | Incremental shares from assumed conversions: | | | | | | | | | | Stock options and restricted stock | | | 117,500 | | | 106,500 | | | 106,117 | Average common shares outstanding - diluted | | | 16,896,519 | | | 16,875,456 | | | 16,911,185 | Diluted earnings per common share | | $ | 2.98 | | $ | 2.14 | | $ | 1.69 |
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