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 March 31,
	2026		2025
Net income available to common shareholders	$	31,735	$	30,342
Less: earnings allocated to participating securities	(283)		(235)
Net earnings allocated to common shareholders	$	31,452	$	30,107

Distributed earnings allocated to common stock	$	12,167	$	11,483
Undistributed earnings allocated to common stock	19,285		18,624
Net earnings allocated to common shareholders	$	31,452	$	30,107

Average shares outstanding	14,270		14,616
Effect of dilutive securities:
Employee stock awards	4		15
Shares for diluted earnings per share	14,274		14,631

Basic earnings per share	$	2.20	$	2.06
Diluted earnings per share	$	2.20	$	2.06