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Earnings Per Share
 3 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
    
Basic earnings per share (“EPS”) excludes dilution and is calculated by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is computed in a manner similar to that of basic EPS except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares (computed using the treasury stock method) that would have been outstanding if all potentially dilutive common stock equivalents (such as stock options and unvested restricted stock) were issued during the period. Unallocated common shares held by the ESOP are shown as a reduction in stockholders' equity and are included in the weighted-average number of common shares outstanding for both basic and diluted EPS calculations as they are committed to be released.

Earnings per common share have been computed based upon the following:
 
 
Three Months Ended September 30,
 
2014
 
2013
Net income available to common stock (in thousands)
$
1,171

 
$
1,207

 
 
 
 
Average number of shares issued
8,035,478

 
8,004,098

Less: average unallocated ESOP shares
(314,400
)
 
(356,796
)
Less: average treasury stock
(2,404,442
)
 
(2,369,761
)
Less: average unvested restricted stock awards
(2,041
)
 
(2,641
)
Average number of basic shares outstanding
5,314,595

 
5,274,900

 
 
 
 
Plus: dilutive unvested restricted stock awards
1,388

 
1,474

Plus: dilutive stock option shares
126,348

 
125,608

Average number of diluted shares outstanding
5,442,331

 
5,401,982

 
 
 
 
Basic earnings per share
$
0.22

 
$
0.23

Diluted earnings per share
$
0.22

 
$
0.22