| Summary of Calculations of Basic and Diluted Earnings per Common Share |
The calculations of basic and diluted earnings per common share were as follows: | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | (Dollars in thousands, except per common share data) | 2026 | 2025 | | 2026 | 2025 | | Net income available to common shareholders | $ | 27,953 | | $ | 21,212 | | | $ | 56,959 | | $ | 45,548 | | | Less: Dividends paid on unvested common shares | 212 | | 212 | | | 412 | | 422 | | | Less: Undistributed income allocated to unvested common shares | 81 | | 17 | | | 135 | | 54 | | | Net earnings allocated to common shareholders | $ | 27,660 | | $ | 20,983 | | | $ | 56,412 | | $ | 45,072 | | | | | | | | | Weighted-average common shares outstanding | 35,173,525 | | 34,972,065 | | | 35,141,267 | | 34,934,105 | | | Effect of potentially dilutive common shares | 393,041 | | 359,642 | | | 388,248 | | 365,313 | | | Total weighted-average diluted common shares outstanding | 35,566,566 | | 35,331,707 | | | 35,529,515 | | 35,299,418 | | | | | | | | | Earnings per common share: | | | | | | | Basic | $ | 0.79 | | $ | 0.60 | | | $ | 1.61 | | $ | 1.29 | | | Diluted | $ | 0.78 | | $ | 0.59 | | | $ | 1.59 | | $ | 1.28 | | | Anti-dilutive common shares excluded from calculation: | | | | | | | Restricted common shares | — | | 144,274 | | | 243 | | 142,032 | |
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