For the Year Ended December 31,

(dollars in thousands, except share data)

2025

2024

Net loss:

Net loss available to common shareholders

$

(4,191

)

$

(6,613

)

Dividends and undistributed earnings allocated to participating securities

—

(4

)

Loss allocated to common shareholders

$

(4,191

)

$

(6,617

)

Basic:

Weighted average common shares outstanding

9,426,374

9,443,885

Weighted average unvested restricted stock awards

(135,101

)

(105,460

)

Weighted average unallocated ESOP shares

(500,554

)

(553,576

)

Total basic weighted average common shares outstanding

8,790,719

8,784,849

Diluted:

Basic weighted average common shares outstanding

8,790,719

8,784,849

Dilutive restricted stock awards

—

Total diluted weighted average common shares outstanding

8,790,719

8,784,849

Basic loss per common share

$

(0.48

)

$

(0.75

)

Diluted loss per common share

$

(0.48

)

$

(0.75

)