Note

– Earnings Per Share

Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that

may

be issued upon the vesting of restricted stock awards. There were

2,178

and

1,042

shares of restricted stock that were anti-dilutive for the

three

and

six

month periods ended

December 31, 2018.

There were

2,062

shares of restricted stock that were anti-dilutive for the

three

and

six

months ended

December 31, 2017.

The following table details the calculation of basic and diluted earnings per share:

	For the Three Months Ended December 31 ,				For the Six Months Ended December 31,
	2018		2017		2018		2017
Basic:
Net income available to common shareholders	$	1,849	$	657	$	3,522	$	1,586
Weighted average common shares outstanding		2,730,375		2,727,666		2,730,355		2,725,859
Basic income per share	$	0.68	$	0.24	$	1.29	$	0.58

Diluted:
Net income available to common shareholders	$	1,849	$	657	$	3,522	$	1,586
Weighted average common shares outstanding		2,730,375		2,727,666		2,730,355		2,725,859
Dilutive effect of restricted stock		—		—		23		—
Total common shares and dilutive potential common shares		2,730,375		2,727,666		2,730,378		2,725,859
Dilutive income per share	$	0.68	$	0.24	$	1.29	$	0.58