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NOTE 17 Earnings Per Share
The calculations of basic and diluted earnings per share using the two-class method for the three and six months ended June 30, 2026 and 2025 are presented below:
| | | Three months ended | | | Six months ended | |
| | | June 30, | | | June 30, | |
| (dollars and shares in thousands, except per share data) | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| Net income | | $ | 20,865 | | | $ | 20,253 | | | $ | 43,836 | | | $ | 33,567 | |
| Dividends and undistributed earnings allocated to participating securities | | | 191 | | | | 205 | | | | 400 | | | | 298 | |
| Net income available to common stockholders | | $ | 20,674 | | | $ | 20,048 | | | $ | 43,436 | | | $ | 33,269 | |
| Weighted-average common shares outstanding for basic earnings per share | | | 25,081 | | | | 25,368 | | | | 25,230 | | | | 25,363 | |
| Dilutive effect of stock-based awards | | | 314 | | | | 346 | | | | 307 | | | | 320 | |
| Weighted-average common shares outstanding for diluted earnings per share | | | 25,395 | | | | 25,714 | | | | 25,537 | | | | 25,683 | |
| Earnings per common share: | | | | | | | | | | | | | | | | |
| Basic earnings per common share | | $ | 0.82 | | | $ | 0.79 | | | $ | 1.72 | | | $ | 1.31 | |
| Diluted earnings per common share | | $ | 0.81 | | | $ | 0.78 | | | $ | 1.70 | | | $ | 1.30 | |
There were no antidilutive shares for the three and six months ended June 30, 2026 and 2025.
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