For the Three Months Ended March 31,

2026

2025

(Dollars in Thousands, Except Share Data)

Basic earnings per common share

Net income

$

12,200

$

11,171

Less: preferred stock dividends

219

219

Less: earnings allocated to participating securities

220

237

Basic earnings allocated to common shareholders

$

11,761

$

10,715

Weighted-average common shares outstanding, excluding participating securities

8,186,174

8,130,743

Basic earnings per common share

$

1.44

$

1.32

Diluted earnings per common share

Earnings allocated to common shareholders, diluted

$

11,761

$

10,715

Weighted-average diluted common shares outstanding, excluding participating securities

8,186,174

8,130,743

Diluted earnings per common share

$

1.44

$

1.32