Note 3 - Earnings Per Share

3 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 3 : 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, 2018

and

2017

are summarized below:

	Three Months Ended		Three Months Ended
	June 30, 2018		June 30, 2017
Net income	$	879,433	$	392,377
Weighted average common shares outstanding - basic		3,209,046		3,188,895
Weighted average common shares outstanding - diluted		3,230,287		3,198,999
Income per common share - basic and diluted	$	0.27	$	0.12
Anti-dilutive shares		159,019		121,686