Note 4 - Earnings Per Share

3 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

4

:          Earnings per Share

Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Weighted average shares exclude unallocated ESOP shares. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.

Both the basic and diluted earnings per share for the

three

months ended

June 30, 2017

and

2016

are summarized below:

	Three Months ended		Three Months ended
	June 30, 2017		June 30, 2016
Net income (loss)	$	392,377	$	(335,208	)
Weighted average common shares outstanding - basic		3,188,895		3,176,654
Weighted average common shares outstanding - diluted		3,198,999		3,176,654
Income (loss) per common share - basic and diluted	$	0.12	$	(0.11	)
Anti-dilutive shares		121,686		87,481

During the

three

months ending

June 30, 2016,

none

of the common stock equivalents were dilutive due to the loss reported during that period.