| Schedule of reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share |
The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (Dollars in thousands - except per share amounts) | | 2026 | | 2025 | | 2026 | | 2025 | | Distributed earnings allocated to common stock | | $ | 10,342 | | | $ | 9,329 | | | $ | 20,095 | | | $ | 18,166 | | | Undistributed earnings allocated to common stock | | 36,684 | | | 27,676 | | | 66,499 | | | 56,042 | | | Net earnings allocated to common stock | | 47,026 | | | 37,005 | | | 86,594 | | | 74,208 | | | Net earnings allocated to participating securities | | 518 | | | 314 | | | 906 | | | 631 | | | Net income allocated to common stock and participating securities | | $ | 47,544 | | | $ | 37,319 | | | $ | 87,500 | | | $ | 74,839 | | | | | | | | | | | | Weighted average shares outstanding for basic earnings per common share | | 24,073,382 | | | 24,541,385 | | | 24,174,463 | | | 24,544,120 | | | Dilutive effect of stock compensation | | — | | | — | | | — | | | — | | | Weighted average shares outstanding for diluted earnings per common share | | 24,073,382 | | | 24,541,385 | | | 24,174,463 | | | 24,544,120 | | | | | | | | | | | | Basic earnings per common share | | $ | 1.95 | | | $ | 1.51 | | | $ | 3.58 | | | $ | 3.02 | | | Diluted earnings per common share | | $ | 1.95 | | | $ | 1.51 | | | $ | 3.58 | | | $ | 3.02 | |
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