Basic earnings per common share is computed by dividing net earnings allocated to common stock by the weighted-average number of common shares outstanding during the applicable period. Diluted earnings per common share is computed by using the net earnings allocated to common stock plus dividends on dilutive convertible preferred stock, divided by the sum of 1) the weighted-average number of shares determined for the basic earnings per common share computation, 2) the dilutive effect of stock compensation using the treasury stock method, and 3) the dilutive effect of convertible preferred stock using the if-converted method.

The following table presents a reconciliation of net income available to common shareholders and the number of shares used in the calculation of basic and diluted earnings per common share shown on the consolidated statements of income:


	For the Three Months Ended March 31,
(Dollars in thousands, except share and per share data)	2026		2025
Net income	$	16,368	$	13,589
Less: dividends declared, Series A Preferred Stock		1,171		1,171
Net income available to common shareholders	$	15,197	$	12,418
Weighted-average shares outstanding for basic earnings per common share		14,814,661		13,776,998
Dilutive effect of stock compensation and other dilutive securities		3,745,395		3,663,828
Weighted-average shares outstanding for diluted earnings per common share		18,560,056		17,440,826
Basic earnings per share	$	1.03	$	0.90
Diluted earnings per share	$	0.88	$	0.78