EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 8 –EARNINGS (LOSS) PER SHARE

Earnings (Loss) Per Share – Basic earnings (loss) per share have been calculated based upon the weighted-average number of common shares outstanding. For earning per share computations, unallocated ESOP shares are treated like treasury shares and not considered outstanding. The calculation of diluted weighted-average shares outstanding for the three months ended March 31, 2016 and 2015 excludes 18,020 shares issuable pursuant to outstanding stock options because their effect would be anti-dilutive.

	Three Months Ended
	March 31,
	2016		2015
Net income (loss)	$	5,856	$	(264,257	)
Weighted-average shares outstanding		1,662,105		1,657,227
Income (loss) per common share:
Basic	$	0.00	$	(0.16	)
Diluted	$	0.00	$	(0.16	)