| 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 | | Nine Months Ended | | September 30, | | September 30, | | (Dollars in thousands, except per common share data) | 2026 | 2025 | | 2026 | 2025 | | Net income available to common shareholders | $ | 32,606 | | $ | 29,476 | | | $ | 89,565 | | $ | 75,024 | | | Less: Dividends paid on unvested common shares | 211 | | 208 | | | 623 | | 628 | | | Less: Undistributed income allocated to unvested common shares | 88 | | 46 | | | 223 | | 100 | | | Net earnings allocated to common shareholders | $ | 32,307 | | $ | 29,222 | | | $ | 88,719 | | $ | 74,296 | | | | | | | | | Weighted-average common shares outstanding | 35,197,746 | | 35,003,054 | | | 35,160,300 | | 34,957,341 | | | Effect of potentially dilutive common shares | 464,688 | | 395,755 | | | 413,759 | | 370,475 | | | Total weighted-average diluted common shares outstanding | 35,662,434 | | 35,398,809 | | | 35,574,059 | | 35,327,816 | | | | | | | | | Earnings per common share: | | | | | | | Basic | $ | 0.92 | | $ | 0.83 | | | $ | 2.52 | | $ | 2.13 | | | Diluted | $ | 0.91 | | $ | 0.83 | | | $ | 2.49 | | $ | 2.10 | | | Anti-dilutive common shares excluded from calculation: | | | | | | | Restricted common shares | — | | 17,634 | | | 953 | | 17,634 | |
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