| Schedule Of Computation Of Basic And Diluted Earnings Per Share |
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 June 30, | | Six months ended June 30, | | 2026 | 2025 | | 2026 | 2025 | | Net income available to common shareholders | $ | 33,298 | | $ | 33,387 | | | $ | 65,033 | | $ | 63,729 | | | Less: earnings allocated to participating securities | (242) | | (306) | | | (527) | | (541) | | | Net earnings allocated to common shareholders | $ | 33,056 | | $ | 33,081 | | | $ | 64,506 | | $ | 63,188 | | | | | | | | | Distributed earnings allocated to common stock | $ | 12,125 | | $ | 11,346 | | | $ | 24,251 | | $ | 22,691 | | | Undistributed earnings allocated to common stock | 20,931 | | 21,735 | | | 40,255 | | 40,497 | | | Net earnings allocated to common shareholders | $ | 33,056 | | $ | 33,081 | | | $ | 64,506 | | $ | 63,188 | | | | | | | | | Average shares outstanding | 14,046 | | 14,466 | | | 14,151 | | 14,541 | | | Effect of dilutive securities: | | | | | | | Employee stock awards | 16 | | 5 | | | 18 | | 10 | | | Shares for diluted earnings per share | 14,062 | | 14,471 | | | 14,169 | | 14,551 | | | | | | | | | Basic earnings per share | $ | 2.35 | | $ | 2.29 | | | $ | 4.55 | | $ | 4.35 | | | Diluted earnings per share | $ | 2.35 | | $ | 2.29 | | | $ | 4.55 | | $ | 4.35 | |
|