EARNINGS PER SHARE ("EPS")

9 Months Ended

Mar. 31, 2013

EARNINGS PER SHARE ("EPS")

EARNINGS PER SHARE ("EPS")

(2)   EARNINGS PER SHARE (“EPS”)

Basic EPS is determined by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding for the period.  ESOP shares are considered outstanding for this calculation unless unearned.  The factors used in the earnings per common share computation follow:

	Three Months Ended						Nine Months Ended
	March 31, 2013			March 31, 2012			March 31, 2013			March 31, 2012
Earnings per share
Net income	$	850		$	948		$	2,973		$	2,818
Less: distributed earnings allocated to participating securities	(9		)	—			(25		)	—
Less: (undistributed income) dividends in excess of earnings allocated to participating securities	(3		)	—			(16		)	—
Net earnings available to common shareholders	$	838		$	948		$	2,932		$	2,818
Weighted average common shares outstanding including participating securities	6,202,843			6,348,000			6,339,926			6,348,000
Less: participating securities	(87,092		)	—			(87,092		)	—
Less: average unearned ESOP shares	(213,364		)	(232,179		)	(218,040		)	(237,403		)
Weighted average common shares outstanding	5,902,387			6,115,821			6,034,794			6,110,597
Basic earnings per share	$	0.14		$	0.16		$	0.49		$	0.46
Weighted average shares	5,902,387			6,115,821			6,034,794			6,110,597
Add: dilutive effects of assumed exercises of stock options	24,954			—			20,644			—
Average shares and dilutive potential common shares	5,927,341			6,115,821			6,055,438			6,110,597
Diluted earnings per share	$	0.14		$	0.16		$	0.48		$	0.46

There were no potential dilutive common shares for the three or nine months ended March 31, 2012.   For the three months ended March 31, 2013 and 2012, there was no difference between basic EPS and diluted EPS.  During the three and nine months ended March 31, 2013 there were no potential anti-dilutive common shares.