| 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
September 30, | | Nine Months Ended
September 30, | | (Dollars in thousands - except per share amounts) | | 2026 | | 2025 | | 2026 | | 2025 | | Distributed earnings allocated to common stock | | $ | 10,838 | | | $ | 9,296 | | | $ | 30,933 | | | $ | 27,462 | | | Undistributed earnings allocated to common stock | | 38,167 | | | 32,630 | | | 104,666 | | | 88,672 | | | Net earnings allocated to common stock | | 49,005 | | | 41,926 | | | 135,599 | | | 116,134 | | | Net earnings allocated to participating securities | | 537 | | | 370 | | | 1,443 | | | 1,001 | | | Net income allocated to common stock and participating securities | | $ | 49,542 | | | $ | 42,296 | | | $ | 137,042 | | | $ | 117,135 | | | | | | | | | | | | Weighted average shares outstanding for basic earnings per common share | | 24,083,332 | | | 24,472,035 | | | 24,143,752 | | | 24,519,828 | | | Dilutive effect of stock compensation | | — | | | — | | | — | | | — | | | Weighted average shares outstanding for diluted earnings per common share | | 24,083,332 | | | 24,472,035 | | | 24,143,752 | | | 24,519,828 | | | | | | | | | | | | Basic earnings per common share | | $ | 2.03 | | | $ | 1.71 | | | $ | 5.62 | | | $ | 4.74 | | | Diluted earnings per common share | | $ | 2.03 | | | $ | 1.71 | | | $ | 5.62 | | | $ | 4.74 | |
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